The company reported standalone net profit of Rs 24.30 crore for the quarter ended September 30, 2024 as compared to Rs 22.67 crore in the same period last year, registering a year-on-year growth of 7.19 per cent.
Net revenue of the company rose moderately by 17.18 per cent at Rs 200.21 crore in July-September quarter of this fiscal as against Rs 170.86 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 14.99 per cent to Rs 168.73 crore from Rs 146.74 crore in year ago period.
Other Income grew by 0.18 per cent at Rs 5.45 crore versus (Sep'23 Rs 5.44 crore).
Operating Profit surged by 30.51 per cent to Rs 31.48 crore as against Rs 24.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.33 per cent in September quarter.
Interest grew by 540.63 per cent y-o-y to Rs 2.05 crore, while Taxation increased by 90.12 per cent at Rs 7.89 crore (Sep'23 Rs 4.15 crore).