The company reported standalone net profit of Rs 7.17 crore for the quarter ended December 31, 2024 as compared to Rs 6.06 crore in the same period last year, registering a year-on-year growth of 18.32 per cent.
Net revenue of the company rose substantially by 23.16 per cent at Rs 51.48 crore in October-December quarter of this fiscal as against Rs 41.80 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 39.06 per cent to Rs 37.49 crore from Rs 26.96 crore in year ago period.
Other Income grew by 1235.48 per cent at Rs 4.14 crore versus (Dec'23 Rs 0.31 crore).
Operating Profit slipped by 5.73 per cent to Rs 13.99 crore as against Rs 14.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.44 per cent in December quarter.
Interest grew by 72.57 per cent y-o-y to Rs 1.95 crore, while Taxation decreased by 3.75 per cent at Rs 2.31 crore (Dec'23 Rs 2.40 crore).