The company reported standalone net profit of Rs 2.58 crore for the quarter ended December 31, 2024 as compared to Rs 2.26 crore in the same period last year, registering a year-on-year growth of 14.16 per cent.
Net revenue of the company declined moderately by 8.31 per cent at Rs 44.60 crore in October-December quarter of this fiscal as against Rs 48.64 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.65 per cent to Rs 40.52 crore from Rs 45.35 crore in year ago period.
Other Income grew by 84.44 per cent at Rs 3.32 crore versus (Dec'23 Rs 1.80 crore).
Operating Profit surged by 24.01 per cent to Rs 4.08 crore as against Rs 3.29 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 35.36 per cent in December quarter.
Interest grew by 45.31 per cent y-o-y to Rs 1.86 crore, while Taxation increased by 15.56 per cent at Rs 0.52 crore (Dec'23 Rs 0.45 crore).