The company reported standalone net profit of Rs 14.26 crore for the quarter ended September 30, 2024 as compared to Rs 10.86 crore in the same period last year, registering a year-on-year growth of 31.31 per cent.
Net revenue of the company rose moderately by 7.57 per cent at Rs 137.69 crore in July-September quarter of this fiscal as against Rs 128.00 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 4.61 per cent to Rs 116.35 crore from Rs 111.22 crore in year ago period.
Other Income grew by 112.50 per cent at Rs 1.36 crore versus (Sep'23 Rs 0.64 crore).
Operating Profit surged by 27.10 per cent to Rs 21.34 crore as against Rs 16.79 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.14 per cent in September quarter.
Interest grew by 30.77 per cent y-o-y to Rs 0.85 crore, while Taxation increased by 29.95 per cent at Rs 4.73 crore (Sep'23 Rs 3.64 crore).