The company reported standalone net profit of Rs 1.73 crore for the quarter ended December 31, 2024 as compared to Rs 0.99 crore in the same period last year, registering a year-on-year growth of 74.75 per cent.
Net revenue of the company rose substantially by 92.98 per cent at Rs 24.18 crore in October-December quarter of this fiscal as against Rs 12.53 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 160.14 per cent to Rs 22.84 crore from Rs 8.78 crore in year ago period.
Other Income grew by 130.46 per cent at Rs 4.01 crore versus (Dec'23 Rs 1.74 crore).
Operating Profit slipped by 64.27 per cent to Rs 1.34 crore as against Rs 3.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 81.51 per cent in December quarter.
Interest declined by 25.00 per cent y-o-y to Rs 3.03 crore, while Taxation increased by 45.00 per cent at Rs 0.58 crore (Dec'23 Rs 0.40 crore).