The company reported standalone net profit of Rs 1.81 crore for the quarter ended September 30, 2024 as compared to Rs 0.23 crore in the same period last year, registering a year-on-year growth of 686.96 per cent.
Net revenue of the company declined substantially by 76.99 per cent at Rs 5.97 crore in July-September quarter of this fiscal as against Rs 25.95 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 86.57 per cent to Rs 3.42 crore from Rs 25.46 crore in year ago period.
Operating Profit surged by 410.00 per cent to Rs 2.55 crore as against Rs 0.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2136.13 per cent in September quarter.
Interest declined by 24.00 per cent y-o-y to Rs 0.19 crore, while Taxation increased by 733.33 per cent at Rs 0.50 crore (Sep'23 Rs 0.06 crore).