The company reported standalone net profit of Rs 6.84 crore for the quarter ended December 31, 2024 as compared to Rs 0.60 crore in the same period last year, registering a year-on-year growth of 1040.00 per cent.
Net revenue of the company rose substantially by 41.96 per cent at Rs 28.15 crore in October-December quarter of this fiscal as against Rs 19.83 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 9.12 per cent to Rs 18.90 crore from Rs 17.32 crore in year ago period.
Other Income grew by 23.21 per cent at Rs 3.61 crore versus (Dec'23 Rs 2.93 crore).
Operating Profit surged by 268.53 per cent to Rs 9.25 crore as against Rs 2.51 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 159.56 per cent in December quarter.
Interest declined by 25.98 per cent y-o-y to Rs 3.39 crore, while Taxation increased by 1043.48 per cent at Rs 2.63 crore (Dec'23 Rs 0.23 crore).