The company reported standalone net profit of Rs 0.83 crore for the quarter ended September 30, 2024 as compared to Rs 5.35 crore in the same period last year, registering a year-on-year decline of 84.49 per cent.
Net revenue of the company rose substantially by 50.02 per cent at Rs 33.74 crore in July-September quarter of this fiscal as against Rs 22.49 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 51.07 per cent to Rs 29.70 crore from Rs 19.66 crore in year ago period.
Other Income dipped by 55.17 per cent at Rs 0.26 crore versus (Sep'23 Rs 0.58 crore).
Operating Profit surged by 42.76 per cent to Rs 4.04 crore as against Rs 2.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.85 per cent in September quarter.
Interest grew by 1.20 per cent y-o-y to Rs 1.68 crore, while Taxation increased by 121.43 per cent at Rs 0.96 crore (Sep'23 Rs -4.48 crore).