The company reported standalone net profit of Rs 1.06 crore for the quarter ended September 30, 2024 as compared to Rs 0.90 crore in the same period last year, registering a year-on-year growth of 17.78 per cent.
Net revenue of the company declined substantially by 26.49 per cent at Rs 53.09 crore in July-September quarter of this fiscal as against Rs 72.22 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 27.64 per cent to Rs 50.49 crore from Rs 69.78 crore in year ago period.
Other Income dipped by 93.55 per cent at Rs 0.04 crore versus (Sep'23 Rs 0.62 crore).
Operating Profit surged by 6.97 per cent to Rs 2.61 crore as against Rs 2.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 45.70 per cent in September quarter.
Interest declined by 47.97 per cent y-o-y to Rs 0.64 crore, while Taxation increased by 20.00 per cent at Rs 0.36 crore (Sep'23 Rs 0.30 crore).