The company reported standalone net profit of Rs 10.39 crore for the quarter ended December 31, 2024 as compared to Rs 7.73 crore in the same period last year, registering a year-on-year growth of 34.41 per cent.
Net revenue of the company rose substantially by 30.13 per cent at Rs 94.36 crore in October-December quarter of this fiscal as against Rs 72.51 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 31.47 per cent to Rs 79.30 crore from Rs 60.32 crore in year ago period.
Other Income grew by 192.42 per cent at Rs 1.93 crore versus (Dec'23 Rs 0.66 crore).
Operating Profit surged by 23.54 per cent to Rs 15.06 crore as against Rs 12.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.06 per cent in December quarter.
Interest grew by 5.74 per cent y-o-y to Rs 2.21 crore, while Taxation increased by 43.63 per cent at Rs 3.72 crore (Dec'23 Rs 2.59 crore).