The company reported standalone net profit of Rs 7.35 crore for the quarter ended September 30, 2024 as compared to Rs 7.14 crore in the same period last year, registering a year-on-year growth of 2.94 per cent.
Net revenue of the company rose by 5.67 per cent at Rs 57.54 crore in July-September quarter of this fiscal as against Rs 54.45 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 9.07 per cent to Rs 46.04 crore from Rs 42.21 crore in year ago period.
Other Income grew by 296.00 per cent at Rs 1.98 crore versus (Sep'23 Rs 0.50 crore).
Operating Profit slipped by 6.05 per cent to Rs 11.50 crore as against Rs 12.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.08 per cent in September quarter.
Interest declined by 56.67 per cent y-o-y to Rs 0.13 crore, while Taxation increased by 7.41 per cent at Rs 2.61 crore (Sep'23 Rs 2.43 crore).