The company reported standalone net profit of Rs 5.41 crore for the quarter ended September 30, 2024 as compared to Rs 4.02 crore in the same period last year, registering a year-on-year growth of 34.58 per cent.
Net revenue of the company rose marginally by 1.71 per cent at Rs 80.43 crore in July-September quarter of this fiscal as against Rs 79.08 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 0.39 per cent to Rs 71.50 crore from Rs 71.78 crore in year ago period.
Other Income dipped by 96.43 per cent at Rs 0.02 crore versus (Sep'23 Rs 0.56 crore).
Operating Profit surged by 22.16 per cent to Rs 8.93 crore as against Rs 7.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 20.13 per cent in September quarter.
Interest declined by 4.20 per cent y-o-y to Rs 1.37 crore, while Taxation decreased by 10.53 per cent at Rs 1.53 crore (Sep'23 Rs 1.71 crore).