The company reported standalone net profit of Rs 19.53 crore for the quarter ended September 30, 2024 as compared to Rs 25.09 crore in the same period last year, registering a year-on-year decline of 22.16 per cent.
Net revenue of the company rose moderately by 7.36 per cent at Rs 132.34 crore in July-September quarter of this fiscal as against Rs 123.27 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 10.59 per cent to Rs 106.97 crore from Rs 96.73 crore in year ago period.
Other Income dipped by 52.25 per cent at Rs 4.35 crore versus (Sep'23 Rs 9.11 crore).
Operating Profit slipped by 4.44 per cent to Rs 25.37 crore as against Rs 26.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.96 per cent in September quarter.
Interest grew by 83.33 per cent y-o-y to Rs 0.44 crore, while Taxation decreased by 5.48 per cent at Rs 6.38 crore (Sep'23 Rs 6.75 crore).