The company reported standalone net profit of Rs 1.65 crore for the quarter ended December 31, 2024 as compared to Rs 1.23 crore in the same period last year, registering a year-on-year growth of 34.15 per cent.
Net revenue of the company rose substantially by 35.04 per cent at Rs 139.74 crore in October-December quarter of this fiscal as against Rs 103.48 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 35.99 per cent to Rs 128.20 crore from Rs 94.27 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.21 crore versus (Dec'23 Rs 0.21 crore).
Operating Profit surged by 25.41 per cent to Rs 11.55 crore as against Rs 9.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.19 per cent in December quarter.
Interest grew by 32.36 per cent y-o-y to Rs 7.69 crore, while Taxation decreased by 2.56 per cent at Rs 0.38 crore (Dec'23 Rs 0.39 crore).