The company reported standalone net profit of Rs 2.08 crore for the quarter ended September 30, 2024 as compared to Rs 1.92 crore in the same period last year, registering a year-on-year growth of 8.33 per cent.
Net revenue of the company rose moderately by 11.35 per cent at Rs 62.39 crore in July-September quarter of this fiscal as against Rs 56.03 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 11.53 per cent to Rs 58.06 crore from Rs 52.06 crore in year ago period.
Other Income dipped by 25.00 per cent at Rs 0.03 crore versus (Sep'23 Rs 0.04 crore).
Operating Profit surged by 9.07 per cent to Rs 4.33 crore as against Rs 3.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.12 per cent in September quarter.
Interest declined by 1.54 per cent y-o-y to Rs 0.64 crore, while Taxation increased by 37.70 per cent at Rs 0.84 crore (Sep'23 Rs 0.61 crore).