The company reported standalone net profit of Rs 0.57 crore for the quarter ended September 30, 2024 as compared to Rs 0.77 crore in the same period last year, registering a year-on-year decline of 25.97 per cent.
Net revenue of the company declined marginally by 3.59 per cent at Rs 12.34 crore in July-September quarter of this fiscal as against Rs 12.80 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 5.38 per cent to Rs 10.97 crore from Rs 10.41 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.65 crore versus (Sep'23 Rs 0.00 crore).
Operating Profit slipped by 42.68 per cent to Rs 1.37 crore as against Rs 2.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.80 per cent in September quarter.
Interest declined by 55.56 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 70.59 per cent at Rs 0.29 crore (Sep'23 Rs 0.17 crore).