The company reported standalone net profit of Rs 1.30 crore for the quarter ended September 30, 2024 as compared to Rs 1.31 crore in the same period last year, registering a year-on-year decline of 0.76 per cent.
Net revenue of the company declined moderately by 13.76 per cent at Rs 55.20 crore in July-September quarter of this fiscal as against Rs 64.01 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 14.97 per cent to Rs 52.82 crore from Rs 62.12 crore in year ago period.
Other Income dipped by 47.89 per cent at Rs 0.37 crore versus (Sep'23 Rs 0.71 crore).
Operating Profit surged by 25.93 per cent to Rs 2.38 crore as against Rs 1.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 46.44 per cent in September quarter.
Interest grew by 102.63 per cent y-o-y to Rs 0.77 crore, while Taxation decreased by 27.59 per cent at Rs 0.42 crore (Sep'23 Rs 0.58 crore).