The company reported standalone net profit of Rs 0.26 crore for the quarter ended September 30, 2024 as compared to Rs 0.03 crore in the same period last year, registering a year-on-year growth of 766.67 per cent.
Net revenue of the company declined substantially by 26.46 per cent at Rs 2.14 crore in July-September quarter of this fiscal as against Rs 2.91 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 26.42 per cent to Rs 2.20 crore from Rs 2.99 crore in year ago period.
Other Income grew by 51.85 per cent at Rs 0.41 crore versus (Sep'23 Rs 0.27 crore).
Operating Profit slipped by 33.33 per cent to Rs -0.06 crore as against Rs -0.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.88 per cent in September quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 150.00 per cent at Rs -0.02 crore (Sep'23 Rs 0.04 crore).