The company reported standalone net profit of Rs 5.14 crore for the quarter ended December 31, 2024 as compared to Rs 3.58 crore in the same period last year, registering a year-on-year growth of 43.58 per cent.
Net revenue of the company rose substantially by 53.94 per cent at Rs 129.57 crore in October-December quarter of this fiscal as against Rs 84.17 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 64.50 per cent to Rs 120.17 crore from Rs 73.05 crore in year ago period.
Other Income dipped by 63.78 per cent at Rs 0.92 crore versus (Dec'23 Rs 2.54 crore).
Operating Profit slipped by 15.45 per cent to Rs 9.41 crore as against Rs 11.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.08 per cent in December quarter.
Interest declined by 75.32 per cent y-o-y to Rs 1.91 crore, while Taxation increased by 68.28 per cent at Rs 2.44 crore (Dec'23 Rs 1.45 crore).