The company reported standalone net profit of Rs 2.41 crore for the quarter ended September 30, 2024 as compared to Rs 2.51 crore in the same period last year, registering a year-on-year decline of 3.98 per cent.
Net revenue of the company declined moderately by 16.12 per cent at Rs 16.23 crore in July-September quarter of this fiscal as against Rs 19.35 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 18.54 per cent to Rs 13.18 crore from Rs 16.18 crore in year ago period.
Other Income grew by 4.88 per cent at Rs 0.43 crore versus (Sep'23 Rs 0.41 crore).
Operating Profit slipped by 3.79 per cent to Rs 3.05 crore as against Rs 3.17 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.84 per cent in September quarter.
Interest grew by 33.33 per cent y-o-y to Rs 0.04 crore, while Taxation decreased by 10.99 per cent at Rs 0.81 crore (Sep'23 Rs 0.91 crore).