The company reported standalone net profit of Rs 3.88 crore for the quarter ended September 30, 2024 as compared to Rs 6.87 crore in the same period last year, registering a year-on-year decline of 43.52 per cent.
Net revenue of the company rose substantially by 32.87 per cent at Rs 56.23 crore in July-September quarter of this fiscal as against Rs 42.32 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 40.05 per cent to Rs 43.71 crore from Rs 31.21 crore in year ago period.
Other Income dipped by 19.30 per cent at Rs 0.46 crore versus (Sep'23 Rs 0.57 crore).
Operating Profit surged by 12.69 per cent to Rs 12.52 crore as against Rs 11.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.19 per cent in September quarter.
Interest grew by 1180.95 per cent y-o-y to Rs 2.69 crore, while Taxation decreased by 39.83 per cent at Rs 1.45 crore (Sep'23 Rs 2.41 crore).