The company reported standalone net profit of Rs 2.04 crore for the quarter ended December 31, 2024 as compared to Rs 2.46 crore in the same period last year, registering a year-on-year decline of 17.07 per cent.
Net revenue of the company rose substantially by 49.02 per cent at Rs 23.56 crore in October-December quarter of this fiscal as against Rs 15.81 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 57.85 per cent to Rs 8.65 crore from Rs 5.48 crore in year ago period.
Other Income grew by 0.00 per cent at Rs -0.55 crore versus (Dec'23 Rs 0.00 crore).
Operating Profit surged by 41.62 per cent to Rs 15.38 crore as against Rs 10.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.92 per cent in December quarter.
Interest grew by 58.28 per cent y-o-y to Rs 12.14 crore, while Taxation decreased by 14.55 per cent at Rs 0.47 crore (Dec'23 Rs 0.55 crore).