The company reported standalone net profit of Rs 5.56 crore for the quarter ended September 30, 2024 as compared to Rs 3.94 crore in the same period last year, registering a year-on-year growth of 41.12 per cent.
Net revenue of the company rose by 5.91 per cent at Rs 102.45 crore in July-September quarter of this fiscal as against Rs 96.73 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 7.05 per cent to Rs 95.07 crore from Rs 88.81 crore in year ago period.
Other Income grew by 364.15 per cent at Rs 2.46 crore versus (Sep'23 Rs 0.53 crore).
Operating Profit slipped by 6.82 per cent to Rs 7.38 crore as against Rs 7.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.09 per cent in September quarter.
Interest declined by 24.46 per cent y-o-y to Rs 1.05 crore, while Taxation increased by 0.69 per cent at Rs 1.45 crore (Sep'23 Rs 1.44 crore).