The company reported standalone net profit of Rs 3.59 crore for the quarter ended December 31, 2024 as compared to Rs 1.10 crore in the same period last year, registering a year-on-year growth of 226.36 per cent.
Net revenue of the company rose marginally by 4.71 per cent at Rs 27.59 crore in October-December quarter of this fiscal as against Rs 26.35 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 10.17 per cent to Rs 26.43 crore from Rs 23.99 crore in year ago period.
Other Income grew by 6237.50 per cent at Rs 5.07 crore versus (Dec'23 Rs 0.08 crore).
Operating Profit slipped by 51.05 per cent to Rs 1.16 crore as against Rs 2.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 53.12 per cent in December quarter.
Interest declined by 82.93 per cent y-o-y to Rs 0.07 crore, while Taxation increased by 578.13 per cent at Rs 1.53 crore (Dec'23 Rs -0.32 crore).