The company reported standalone net profit of Rs 1.91 crore for the quarter ended September 30, 2024 as compared to Rs 5.40 crore in the same period last year, registering a year-on-year decline of 64.63 per cent.
Net revenue of the company declined moderately by 15.04 per cent at Rs 82.83 crore in July-September quarter of this fiscal as against Rs 97.49 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 11.94 per cent to Rs 77.26 crore from Rs 87.74 crore in year ago period.
Other Income grew by 92.31 per cent at Rs 0.25 crore versus (Sep'23 Rs 0.13 crore).
Operating Profit slipped by 42.93 per cent to Rs 5.57 crore as against Rs 9.76 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.87 per cent in September quarter.
Interest grew by 35.76 per cent y-o-y to Rs 2.24 crore, while Taxation decreased by 64.84 per cent at Rs 0.64 crore (Sep'23 Rs 1.82 crore).