The company reported standalone net profit of Rs 2.92 crore for the quarter ended December 31, 2024 as compared to Rs 3.03 crore in the same period last year, registering a year-on-year decline of 3.63 per cent.
Net revenue of the company rose moderately by 15.12 per cent at Rs 52.39 crore in October-December quarter of this fiscal as against Rs 45.51 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 23.87 per cent to Rs 27.71 crore from Rs 22.37 crore in year ago period.
Other Income dipped by 54.05 per cent at Rs 0.34 crore versus (Dec'23 Rs 0.74 crore).
Operating Profit surged by 6.61 per cent to Rs 24.67 crore as against Rs 23.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.37 per cent in December quarter.
Interest grew by 6.09 per cent y-o-y to Rs 18.65 crore, while Taxation decreased by 10.58 per cent at Rs 0.93 crore (Dec'23 Rs 1.04 crore).