The company reported standalone net profit of Rs 11.25 crore for the quarter ended December 31, 2024 as compared to Rs 7.59 crore in the same period last year, registering a year-on-year growth of 48.22 per cent.
Net revenue of the company declined moderately by 9.86 per cent at Rs 35.21 crore in October-December quarter of this fiscal as against Rs 39.06 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 33.29 per cent to Rs 14.51 crore from Rs 21.75 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec'23 Rs 0.01 crore).
Operating Profit surged by 19.64 per cent to Rs 20.71 crore as against Rs 17.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 32.70 per cent in December quarter.
Interest declined by 17.07 per cent y-o-y to Rs 4.76 crore, while Taxation increased by 22.05 per cent at Rs 3.93 crore (Dec'23 Rs 3.22 crore).