The company reported standalone net profit of Rs 1.75 crore for the quarter ended December 31, 2024 as compared to Rs 1.08 crore in the same period last year, registering a year-on-year growth of 62.04 per cent.
Net revenue of the company rose substantially by 58.68 per cent at Rs 47.78 crore in October-December quarter of this fiscal as against Rs 30.11 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 60.51 per cent to Rs 43.98 crore from Rs 27.40 crore in year ago period.
Other Income dipped by 166.67 per cent at Rs -0.02 crore versus (Dec'23 Rs 0.03 crore).
Operating Profit surged by 40.22 per cent to Rs 3.80 crore as against Rs 2.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.67 per cent in December quarter.
Interest grew by 3.16 per cent y-o-y to Rs 0.98 crore, while Taxation increased by 0.00 per cent at Rs 0.35 crore (Dec'23 Rs 0.00 crore).