The company reported standalone net profit of Rs 6.77 crore for the quarter ended December 31, 2024 as compared to Rs 5.61 crore in the same period last year, registering a year-on-year growth of 20.68 per cent.
Net revenue of the company declined moderately by 6.55 per cent at Rs 73.18 crore in October-December quarter of this fiscal as against Rs 78.31 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 11.91 per cent to Rs 54.96 crore from Rs 62.39 crore in year ago period.
Other Income dipped by 22.64 per cent at Rs 0.41 crore versus (Dec'23 Rs 0.53 crore).
Operating Profit surged by 14.45 per cent to Rs 18.22 crore as against Rs 15.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 22.43 per cent in December quarter.
Interest grew by 22.89 per cent y-o-y to Rs 8.16 crore, while Taxation decreased by 46.92 per cent at Rs 0.69 crore (Dec'23 Rs 1.30 crore).