The company reported standalone net profit of Rs 10.40 crore for the quarter ended December 31, 2024 as compared to Rs 9.44 crore in the same period last year, registering a year-on-year growth of 10.17 per cent.
Net revenue of the company rose substantially by 25.69 per cent at Rs 95.11 crore in October-December quarter of this fiscal as against Rs 75.67 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 25.93 per cent to Rs 69.49 crore from Rs 55.18 crore in year ago period.
Other Income grew by 143.16 per cent at Rs 2.31 crore versus (Dec'23 Rs 0.95 crore).
Operating Profit surged by 25.04 per cent to Rs 25.62 crore as against Rs 20.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.52 per cent in December quarter.
Interest grew by 110.38 per cent y-o-y to Rs 3.85 crore, while Taxation increased by 11.59 per cent at Rs 3.66 crore (Dec'23 Rs 3.28 crore).