The company reported standalone net profit of Rs 1.51 crore for the quarter ended September 30, 2024 as compared to Rs 0.31 crore in the same period last year, registering a year-on-year growth of 387.10 per cent.

Net revenue of the company declined substantially by 25.63 per cent at Rs 7.40 crore in July-September quarter of this fiscal as against Rs 9.95 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 32.88 per cent to Rs 6.98 crore from Rs 10.40 crore in year ago period.

Other Income grew by 76.61 per cent at Rs 2.19 crore versus (Sep'23 Rs 1.24 crore).

Operating Profit surged by 195.45 per cent to Rs 0.42 crore as against Rs -0.44 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 225.95 per cent in September quarter.

Interest grew by 44.44 per cent y-o-y to Rs 0.13 crore, while Taxation increased by 184.00 per cent at Rs 0.71 crore (Sep'23 Rs 0.25 crore).