The company reported standalone net profit of Rs 11.08 crore for the quarter ended December 31, 2024 as compared to Rs 8.86 crore in the same period last year, registering a year-on-year growth of 25.06 per cent.
Net revenue of the company rose moderately by 15.73 per cent at Rs 46.35 crore in October-December quarter of this fiscal as against Rs 40.05 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 25.34 per cent to Rs 34.97 crore from Rs 27.90 crore in year ago period.
Other Income grew by 504.11 per cent at Rs 4.41 crore versus (Dec'23 Rs 0.73 crore).
Operating Profit slipped by 6.26 per cent to Rs 11.39 crore as against Rs 12.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.02 per cent in December quarter.
Interest grew by 5.13 per cent y-o-y to Rs 0.41 crore, while Taxation increased by 4.88 per cent at Rs 3.01 crore (Dec'23 Rs 2.87 crore).