The company reported standalone net profit of Rs 0.30 crore for the quarter ended September 30, 2024 as compared to Rs 1.13 crore in the same period last year, registering a year-on-year decline of 73.45 per cent.
Net revenue of the company rose moderately by 6.68 per cent at Rs 39.59 crore in July-September quarter of this fiscal as against Rs 37.11 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 11.38 per cent to Rs 37.79 crore from Rs 33.93 crore in year ago period.
Other Income dipped by 5.26 per cent at Rs 0.36 crore versus (Sep'23 Rs 0.38 crore).
Operating Profit slipped by 43.08 per cent to Rs 1.81 crore as against Rs 3.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 46.79 per cent in September quarter.
Interest declined by 9.20 per cent y-o-y to Rs 0.79 crore, while Taxation decreased by 81.48 per cent at Rs 0.10 crore (Sep'23 Rs 0.54 crore).