The company reported standalone net profit of Rs 3.17 crore for the quarter ended September 30, 2024 as compared to Rs 3.19 crore in the same period last year, registering a year-on-year decline of 0.63 per cent.
Net revenue of the company rose moderately by 9.10 per cent at Rs 32.24 crore in July-September quarter of this fiscal as against Rs 29.55 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 10.75 per cent to Rs 26.88 crore from Rs 24.27 crore in year ago period.
Operating Profit surged by 1.33 per cent to Rs 5.35 crore as against Rs 5.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.95 per cent in September quarter.
Interest declined by 19.57 per cent y-o-y to Rs 0.37 crore, while Taxation increased by 13.11 per cent at Rs 1.38 crore (Sep'23 Rs 1.22 crore).