The company reported standalone net profit of Rs 12.19 crore for the quarter ended December 31, 2024 as compared to Rs 1.26 crore in the same period last year, registering a year-on-year growth of 867.46 per cent.
Net revenue of the company rose moderately by 7.86 per cent at Rs 16.33 crore in October-December quarter of this fiscal as against Rs 15.14 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 14.81 per cent to Rs 16.12 crore from Rs 14.04 crore in year ago period.
Other Income grew by 1051.33 per cent at Rs 13.01 crore versus (Dec'23 Rs 1.13 crore).
Operating Profit slipped by 80.91 per cent to Rs 0.21 crore as against Rs 1.10 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 81.93 per cent in December quarter.
Interest grew by 80.00 per cent y-o-y to Rs 0.18 crore, while Taxation decreased by 144.44 per cent at Rs -0.12 crore (Dec'23 Rs 0.27 crore).