The company reported standalone net profit of Rs 0.99 crore for the quarter ended September 30, 2024 as compared to Rs 0.82 crore in the same period last year, registering a year-on-year growth of 20.73 per cent.
Net revenue of the company declined by 5.59 per cent at Rs 25.85 crore in July-September quarter of this fiscal as against Rs 27.38 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 9.19 per cent to Rs 24.61 crore from Rs 27.10 crore in year ago period.
Other Income dipped by 75.56 per cent at Rs 0.33 crore versus (Sep'23 Rs 1.35 crore).
Operating Profit surged by 342.86 per cent to Rs 1.24 crore as against Rs 0.28 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 375.25 per cent in September quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.06 crore, while Taxation decreased by 63.64 per cent at Rs 0.16 crore (Sep'23 Rs 0.44 crore).