The company reported standalone net profit of Rs 8.89 crore for the quarter ended December 31, 2024 as compared to Rs 5.71 crore in the same period last year, registering a year-on-year growth of 55.69 per cent.
Net revenue of the company declined moderately by 6.53 per cent at Rs 56.08 crore in October-December quarter of this fiscal as against Rs 60.00 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 13.61 per cent to Rs 45.24 crore from Rs 52.37 crore in year ago period.
Other Income grew by 70.54 per cent at Rs 1.91 crore versus (Dec'23 Rs 1.12 crore).
Operating Profit surged by 41.94 per cent to Rs 10.83 crore as against Rs 7.63 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 51.89 per cent in December quarter.
Interest declined by 23.53 per cent y-o-y to Rs 0.13 crore, while Taxation increased by 34.52 per cent at Rs 2.65 crore (Dec'23 Rs 1.97 crore).