The company reported standalone net profit of Rs 6.07 crore for the quarter ended December 31, 2024 as compared to Rs 5.92 crore in the same period last year, registering a year-on-year growth of 2.53 per cent.
Net revenue of the company rose marginally by 3.68 per cent at Rs 69.24 crore in October-December quarter of this fiscal as against Rs 66.78 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 10.51 per cent to Rs 62.77 crore from Rs 56.80 crore in year ago period.
Other Income grew by 1183.87 per cent at Rs 3.98 crore versus (Dec'23 Rs 0.31 crore).
Operating Profit slipped by 36.26 per cent to Rs 6.47 crore as against Rs 10.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.51 per cent in December quarter.
Interest declined by 10.98 per cent y-o-y to Rs 0.73 crore, while Taxation decreased by 5.76 per cent at Rs 1.80 crore (Dec'23 Rs 1.91 crore).