The company reported standalone net profit of Rs 9.81 crore for the quarter ended September 30, 2024 as compared to Rs 8.06 crore in the same period last year, registering a year-on-year growth of 21.71 per cent.
Net revenue of the company rose moderately by 6.44 per cent at Rs 163.41 crore in July-September quarter of this fiscal as against Rs 153.53 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 6.95 per cent to Rs 144.12 crore from Rs 134.75 crore in year ago period.
Other Income grew by 24.57 per cent at Rs 3.65 crore versus (Sep'23 Rs 2.93 crore).
Operating Profit surged by 2.82 per cent to Rs 19.30 crore as against Rs 18.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.43 per cent in September quarter.
Interest declined by 0.80 per cent y-o-y to Rs 7.48 crore, while Taxation decreased by 25.00 per cent at Rs 1.50 crore (Sep'23 Rs 2.00 crore).