The company reported standalone net profit of Rs 3.11 crore for the quarter ended September 30, 2024 as compared to Rs 2.61 crore in the same period last year, registering a year-on-year growth of 19.16 per cent.
Net revenue of the company rose moderately by 11.19 per cent at Rs 63.99 crore in July-September quarter of this fiscal as against Rs 57.55 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 10.78 per cent to Rs 58.05 crore from Rs 52.40 crore in year ago period.
Other Income dipped by 46.59 per cent at Rs 0.47 crore versus (Sep'23 Rs 0.88 crore).
Operating Profit surged by 15.34 per cent to Rs 5.94 crore as against Rs 5.15 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 18.81 per cent y-o-y to Rs 0.82 crore, while Taxation decreased by 32.52 per cent at Rs 0.83 crore (Sep'23 Rs 1.23 crore).