The company reported standalone net profit of Rs 15.04 crore for the quarter ended September 30, 2024 as compared to Rs 13.83 crore in the same period last year, registering a year-on-year growth of 8.75 per cent.
Net revenue of the company rose moderately by 10.98 per cent at Rs 165.95 crore in July-September quarter of this fiscal as against Rs 149.53 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 13.30 per cent to Rs 149.07 crore from Rs 131.57 crore in year ago period.
Other Income grew by 58.14 per cent at Rs 3.40 crore versus (Sep'23 Rs 2.15 crore).
Operating Profit slipped by 6.01 per cent to Rs 16.88 crore as against Rs 17.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.32 per cent in September quarter.
Interest grew by 77.78 per cent y-o-y to Rs 0.16 crore, while Taxation decreased by 22.03 per cent at Rs 3.15 crore (Sep'23 Rs 4.04 crore).