The company reported standalone net profit of Rs 4.20 crore for the quarter ended September 30, 2024 as compared to Rs 3.19 crore in the same period last year, registering a year-on-year growth of 31.66 per cent.
Net revenue of the company declined marginally by 4.49 per cent at Rs 38.32 crore in July-September quarter of this fiscal as against Rs 40.12 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 5.79 per cent to Rs 34.32 crore from Rs 36.43 crore in year ago period.
Other Income grew by 127.71 per cent at Rs 1.89 crore versus (Sep'23 Rs 0.83 crore).
Operating Profit surged by 8.40 per cent to Rs 4.00 crore as against Rs 3.69 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.48 per cent in September quarter.
Interest grew by 166.67 per cent y-o-y to Rs 0.08 crore, while Taxation increased by 21.11 per cent at Rs 1.09 crore (Sep'23 Rs 0.90 crore).