The company reported standalone net profit of Rs 1.16 crore for the quarter ended September 30, 2024 as compared to Rs 2.55 crore in the same period last year, registering a year-on-year decline of 54.51 per cent.
Net revenue of the company rose substantially by 59.78 per cent at Rs 42.55 crore in July-September quarter of this fiscal as against Rs 26.63 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 77.52 per cent to Rs 40.83 crore from Rs 23.00 crore in year ago period.
Other Income grew by 106.25 per cent at Rs 0.33 crore versus (Sep'23 Rs 0.16 crore).
Operating Profit slipped by 52.62 per cent to Rs 1.72 crore as against Rs 3.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 70.29 per cent in September quarter.
Interest grew by 3.70 per cent y-o-y to Rs 0.28 crore, while Taxation decreased by 39.56 per cent at Rs 0.55 crore (Sep'23 Rs 0.91 crore).