The company reported standalone net profit of Rs 0.51 crore for the quarter ended September 30, 2024 as compared to Rs 1.00 crore in the same period last year, registering a year-on-year decline of 49.00 per cent.
Net revenue of the company rose substantially by 20.92 per cent at Rs 47.51 crore in July-September quarter of this fiscal as against Rs 39.29 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 23.51 per cent to Rs 44.49 crore from Rs 36.02 crore in year ago period.
Other Income dipped by 228.57 per cent at Rs -0.09 crore versus (Sep'23 Rs 0.07 crore).
Operating Profit slipped by 7.65 per cent to Rs 3.02 crore as against Rs 3.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.56 per cent in September quarter.
Interest grew by 32.26 per cent y-o-y to Rs 1.23 crore, while Taxation decreased by 73.53 per cent at Rs 0.09 crore (Sep'23 Rs 0.34 crore).