The company reported standalone net profit of Rs 1.19 crore for the quarter ended December 31, 2024 as compared to Rs 0.28 crore in the same period last year, registering a year-on-year growth of 325.00 per cent.
Net revenue of the company declined moderately by 7.16 per cent at Rs 4.93 crore in October-December quarter of this fiscal as against Rs 5.31 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 87.69 per cent to Rs 0.08 crore from Rs 0.65 crore in year ago period.
Other Income grew by 10.00 per cent at Rs 0.11 crore versus (Dec'23 Rs 0.10 crore).
Operating Profit surged by 4.08 per cent to Rs 4.85 crore as against Rs 4.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.05 per cent in December quarter.
Interest declined by 14.06 per cent y-o-y to Rs 3.73 crore, while Taxation decreased by 71.43 per cent at Rs 0.04 crore (Dec'23 Rs 0.14 crore).