The company reported standalone net profit of Rs 7.51 crore for the quarter ended December 31, 2024 as compared to Rs 9.49 crore in the same period last year, registering a year-on-year decline of 20.86 per cent.
Net revenue of the company rose substantially by 24.92 per cent at Rs 61.36 crore in October-December quarter of this fiscal as against Rs 49.12 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 30.65 per cent to Rs 45.35 crore from Rs 34.71 crore in year ago period.
Other Income grew by 108.62 per cent at Rs 1.21 crore versus (Dec'23 Rs 0.58 crore).
Operating Profit surged by 11.10 per cent to Rs 16.01 crore as against Rs 14.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.01 per cent in December quarter.
Interest grew by 870.83 per cent y-o-y to Rs 2.33 crore, while Taxation decreased by 15.67 per cent at Rs 2.53 crore (Dec'23 Rs 3.00 crore).