The company reported standalone net profit of Rs 9.79 crore for the quarter ended September 30, 2024 as compared to Rs 8.25 crore in the same period last year, registering a year-on-year growth of 18.67 per cent.
Net revenue of the company declined by 0.53 per cent at Rs 33.66 crore in July-September quarter of this fiscal as against Rs 33.84 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 2.58 per cent to Rs 21.18 crore from Rs 21.74 crore in year ago period.
Other Income grew by 363.64 per cent at Rs 1.02 crore versus (Sep'23 Rs 0.22 crore).
Operating Profit surged by 3.14 per cent to Rs 12.48 crore as against Rs 12.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.69 per cent in September quarter.
Interest declined by 30.77 per cent y-o-y to Rs 0.18 crore, while Taxation decreased by 38.91 per cent at Rs 1.79 crore (Sep'23 Rs 2.93 crore).