The company reported standalone net profit of Rs 2.99 crore for the quarter ended September 30, 2024 as compared to Rs 4.50 crore in the same period last year, registering a year-on-year decline of 33.56 per cent.
Net revenue of the company rose by 0.93 per cent at Rs 35.85 crore in July-September quarter of this fiscal as against Rs 35.52 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 9.71 per cent to Rs 31.51 crore from Rs 28.72 crore in year ago period.
Other Income grew by 80.95 per cent at Rs 0.38 crore versus (Sep'23 Rs 0.21 crore).
Operating Profit slipped by 36.32 per cent to Rs 4.33 crore as against Rs 6.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.80 per cent in September quarter.
Interest declined by 90.00 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 33.51 per cent at Rs 1.23 crore (Sep'23 Rs 1.85 crore).