The company reported standalone net profit of Rs 0.50 crore for the quarter ended September 30, 2024 as compared to Rs 0.65 crore in the same period last year, registering a year-on-year decline of 23.08 per cent.
Net revenue of the company rose moderately by 9.03 per cent at Rs 90.81 crore in July-September quarter of this fiscal as against Rs 83.29 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 8.96 per cent to Rs 86.98 crore from Rs 79.83 crore in year ago period.
Other Income grew by 33.33 per cent at Rs 0.28 crore versus (Sep'23 Rs 0.21 crore).
Operating Profit surged by 11.01 per cent to Rs 3.83 crore as against Rs 3.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.69 per cent in September quarter.
Interest grew by 1.68 per cent y-o-y to Rs 1.82 crore, while Taxation increased by 91.18 per cent at Rs 0.65 crore (Sep'23 Rs 0.34 crore).