The company reported standalone net profit of Rs 5.01 crore for the quarter ended December 31, 2024 as compared to Rs 6.98 crore in the same period last year, registering a year-on-year decline of 28.22 per cent.
Net revenue of the company rose substantially by 34.96 per cent at Rs 42.54 crore in October-December quarter of this fiscal as against Rs 31.52 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 47.19 per cent to Rs 29.32 crore from Rs 19.92 crore in year ago period.
Other Income dipped by 41.49 per cent at Rs 0.55 crore versus (Dec'23 Rs 0.94 crore).
Operating Profit surged by 13.97 per cent to Rs 13.22 crore as against Rs 11.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.52 per cent in December quarter.
Interest grew by 120.57 per cent y-o-y to Rs 3.11 crore, while Taxation increased by 37.31 per cent at Rs 1.84 crore (Dec'23 Rs 1.34 crore).