The company reported standalone net profit of Rs 4.69 crore for the quarter ended September 30, 2024 as compared to Rs 3.55 crore in the same period last year, registering a year-on-year growth of 32.11 per cent.
Net revenue of the company rose substantially by 20.22 per cent at Rs 98.98 crore in July-September quarter of this fiscal as against Rs 82.33 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 20.92 per cent to Rs 94.52 crore from Rs 78.17 crore in year ago period.
Other Income grew by 194.40 per cent at Rs 7.36 crore versus (Sep'23 Rs 2.50 crore).
Operating Profit surged by 7.21 per cent to Rs 4.46 crore as against Rs 4.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.69 per cent in September quarter.
Interest declined by 23.04 per cent y-o-y to Rs 1.77 crore, while Taxation increased by 2806.25 per cent at Rs 4.65 crore (Sep'23 Rs 0.16 crore).