The company reported standalone net profit of Rs 2.09 crore for the quarter ended September 30, 2024 as compared to Rs 2.30 crore in the same period last year, registering a year-on-year decline of 9.13 per cent.
Net revenue of the company rose moderately by 16.15 per cent at Rs 26.68 crore in July-September quarter of this fiscal as against Rs 22.97 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 26.21 per cent to Rs 24.70 crore from Rs 19.57 crore in year ago period.
Other Income grew by 403.33 per cent at Rs 1.51 crore versus (Sep'23 Rs 0.30 crore).
Operating Profit slipped by 41.76 per cent to Rs 1.98 crore as against Rs 3.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 49.83 per cent in September quarter.
Interest grew by 60.42 per cent y-o-y to Rs 0.77 crore, while Taxation decreased by 32.18 per cent at Rs 0.59 crore (Sep'23 Rs 0.87 crore).