The company reported standalone net profit of Rs 1.88 crore for the quarter ended September 30, 2024 as compared to Rs 1.20 crore in the same period last year, registering a year-on-year growth of 56.67 per cent.
Net revenue of the company declined marginally by 4.59 per cent at Rs 24.95 crore in July-September quarter of this fiscal as against Rs 26.15 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 9.61 per cent to Rs 21.36 crore from Rs 23.63 crore in year ago period.
Other Income grew by 88.37 per cent at Rs 0.81 crore versus (Sep'23 Rs 0.43 crore).
Operating Profit surged by 42.46 per cent to Rs 3.59 crore as against Rs 2.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 49.53 per cent in September quarter.
Interest declined by 50.00 per cent y-o-y to Rs 0.17 crore, while Taxation decreased by 13.13 per cent at Rs 0.86 crore (Sep'23 Rs 0.99 crore).