The company reported standalone net profit of Rs 5.56 crore for the quarter ended September 30, 2024 as compared to Rs 4.32 crore in the same period last year, registering a year-on-year growth of 28.70 per cent.
Net revenue of the company rose moderately by 9.37 per cent at Rs 33.96 crore in July-September quarter of this fiscal as against Rs 31.05 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 6.23 per cent to Rs 25.73 crore from Rs 24.22 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.63 crore versus (Sep'23 Rs 0.63 crore).
Operating Profit surged by 20.67 per cent to Rs 8.23 crore as against Rs 6.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.19 per cent in September quarter.
Interest declined by 79.17 per cent y-o-y to Rs 0.10 crore, while Taxation increased by 27.63 per cent at Rs 1.94 crore (Sep'23 Rs 1.52 crore).