The company reported standalone net profit of Rs 2.59 crore for the quarter ended December 31, 2024 as compared to Rs 2.07 crore in the same period last year, registering a year-on-year growth of 25.12 per cent.
Net revenue of the company declined marginally by 3.20 per cent at Rs 44.52 crore in October-December quarter of this fiscal as against Rs 45.99 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 1.24 per cent to Rs 42.26 crore from Rs 42.79 crore in year ago period.
Other Income grew by 3200.00 per cent at Rs 1.65 crore versus (Dec'23 Rs 0.05 crore).
Operating Profit slipped by 29.15 per cent to Rs 2.26 crore as against Rs 3.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.80 per cent in December quarter.
Interest declined by 28.89 per cent y-o-y to Rs 0.32 crore, while Taxation increased by 50.82 per cent at Rs 0.92 crore (Dec'23 Rs 0.61 crore).