The company reported standalone net profit of Rs 6.71 crore for the quarter ended December 31, 2024 as compared to Rs 6.61 crore in the same period last year, registering a year-on-year growth of 1.51 per cent.
Net revenue of the company declined moderately by 6.47 per cent at Rs 184.37 crore in October-December quarter of this fiscal as against Rs 197.12 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 6.97 per cent to Rs 172.94 crore from Rs 185.90 crore in year ago period.
Other Income dipped by 2.46 per cent at Rs 1.98 crore versus (Dec'23 Rs 2.03 crore).
Operating Profit surged by 1.96 per cent to Rs 11.44 crore as against Rs 11.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.96 per cent in December quarter.
Interest declined by 21.62 per cent y-o-y to Rs 0.29 crore, while Taxation increased by 5.42 per cent at Rs 2.53 crore (Dec'23 Rs 2.40 crore).