The company reported standalone net profit of Rs 23.98 crore for the quarter ended September 30, 2024 as compared to Rs 22.80 crore in the same period last year, registering a year-on-year growth of 5.18 per cent.
Net revenue of the company declined moderately by 7.07 per cent at Rs 61.62 crore in July-September quarter of this fiscal as against Rs 66.31 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 24.94 per cent to Rs 36.35 crore from Rs 48.43 crore in year ago period.
Other Income dipped by 77.50 per cent at Rs 1.51 crore versus (Sep'23 Rs 6.71 crore).
Operating Profit surged by 41.47 per cent to Rs 25.28 crore as against Rs 17.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 52.21 per cent in September quarter.
Interest grew by 73.56 per cent y-o-y to Rs 1.51 crore