The company reported standalone net profit of Rs 0.50 crore for the quarter ended September 30, 2024 as compared to Rs 0.87 crore in the same period last year, registering a year-on-year decline of 42.53 per cent.
Net revenue of the company declined moderately by 11.50 per cent at Rs 78.95 crore in July-September quarter of this fiscal as against Rs 89.21 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 10.86 per cent to Rs 77.36 crore from Rs 86.78 crore in year ago period.
Other Income grew by 117.50 per cent at Rs 0.87 crore versus (Sep'23 Rs 0.40 crore).
Operating Profit slipped by 34.57 per cent to Rs 1.59 crore as against Rs 2.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.01 per cent in September quarter.
Interest declined by 12.72 per cent y-o-y to Rs 1.51 crore, while Taxation increased by 125.00 per cent at Rs 0.03 crore (Sep'23 Rs -0.12 crore).