The company reported standalone net profit of Rs 0.98 crore for the quarter ended September 30, 2024 as compared to Rs 6.06 crore in the same period last year, registering a year-on-year decline of 83.83 per cent.
Net revenue of the company rose substantially by 23.36 per cent at Rs 17.11 crore in July-September quarter of this fiscal as against Rs 13.87 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 18.57 per cent to Rs 15.45 crore from Rs 13.03 crore in year ago period.
Other Income dipped by 10.00 per cent at Rs 0.09 crore versus (Sep'23 Rs 0.10 crore).
Operating Profit surged by 97.62 per cent to Rs 1.66 crore as against Rs 0.84 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 60.26 per cent in September quarter.
Interest grew by 35.90 per cent y-o-y to Rs 0.53 crore, while Taxation decreased by 99.13 per cent at Rs -0.05 crore (Sep'23 Rs -5.78 crore).