The company reported standalone net profit of Rs 7.44 crore for the quarter ended December 31, 2024 as compared to Rs 7.95 crore in the same period last year, registering a year-on-year decline of 6.42 per cent.
Net revenue of the company declined marginally by 4.75 per cent at Rs 57.41 crore in October-December quarter of this fiscal as against Rs 60.27 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 8.22 per cent to Rs 44.08 crore from Rs 48.03 crore in year ago period.
Other Income grew by 205.56 per cent at Rs 0.55 crore versus (Dec'23 Rs 0.18 crore).
Operating Profit surged by 8.91 per cent to Rs 13.33 crore as against Rs 12.24 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.33 per cent in December quarter.
Interest grew by 33.33 per cent y-o-y to Rs 0.28 crore, while Taxation increased by 79.17 per cent at Rs 2.58 crore (Dec'23 Rs 1.44 crore).