The company reported standalone net profit of Rs 1.51 crore for the quarter ended December 31, 2024 as compared to Rs 0.80 crore in the same period last year, registering a year-on-year growth of 88.75 per cent.
Net revenue of the company rose marginally by 3.01 per cent at Rs 105.55 crore in October-December quarter of this fiscal as against Rs 102.47 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 2.65 per cent to Rs 104.74 crore from Rs 102.04 crore in year ago period.
Other Income grew by 31.62 per cent at Rs 1.79 crore versus (Dec'23 Rs 1.36 crore).
Operating Profit surged by 88.37 per cent to Rs 0.81 crore as against Rs 0.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 83.33 per cent in December quarter.
Interest declined by 11.11 per cent y-o-y to Rs 0.08 crore, while Taxation increased by 123.81 per cent at Rs 0.47 crore (Dec'23 Rs 0.21 crore).