The company reported standalone net profit of Rs 1.46 crore for the quarter ended September 30, 2024 as compared to Rs 1.14 crore in the same period last year, registering a year-on-year growth of 28.07 per cent.
Net revenue of the company declined moderately by 13.53 per cent at Rs 63.76 crore in July-September quarter of this fiscal as against Rs 73.74 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 11.57 per cent to Rs 68.95 crore from Rs 77.97 crore in year ago period.
Other Income grew by 19.75 per cent at Rs 7.70 crore versus (Sep'23 Rs 6.43 crore).
Operating Profit surged by 22.46 per cent to Rs -5.18 crore as against Rs -4.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.64 per cent in September quarter.