The company reported standalone net profit of Rs 1.82 crore for the quarter ended December 31, 2024 as compared to Rs 2.50 crore in the same period last year, registering a year-on-year decline of 27.20 per cent.
Net revenue of the company rose substantially by 58.20 per cent at Rs 93.29 crore in October-December quarter of this fiscal as against Rs 58.97 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 63.49 per cent to Rs 85.21 crore from Rs 52.12 crore in year ago period.
Other Income dipped by 20.25 per cent at Rs 0.63 crore versus (Dec'23 Rs 0.79 crore).
Operating Profit surged by 17.78 per cent to Rs 8.08 crore as against Rs 6.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.54 per cent in December quarter.
Interest grew by 19.62 per cent y-o-y to Rs 2.50 crore, while Taxation increased by 166.67 per cent at Rs 1.20 crore (Dec'23 Rs 0.45 crore).