The company reported standalone net profit of Rs 2.41 crore for the quarter ended June 30, 2024 as compared to Rs 2.56 crore in the same period last year, registering a year-on-year decline of 5.86 per cent.
Net revenue of the company rose moderately by 10.86 per cent at Rs 5.31 crore in April-June quarter of this fiscal as against Rs 4.79 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 38.62 per cent to Rs 2.01 crore from Rs 1.45 crore in year ago period.
Other Income dipped by 6.67 per cent at Rs 0.14 crore versus (Jun'23 Rs 0.15 crore).
Operating Profit slipped by 1.50 per cent to Rs 3.29 crore as against Rs 3.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.99 per cent in June quarter.
Taxation increased by 9.09 per cent at Rs 0.96 crore (Jun'23 Rs 0.88 crore).