The company reported standalone net profit of Rs 1.23 crore for the quarter ended September 30, 2023 as compared to Rs 0.92 crore in the same period last year, registering a year-on-year growth of 33.70 per cent.
Net revenue of the company rose moderately by 14.40 per cent at Rs 22.25 crore in July-September quarter of this fiscal as against Rs 19.45 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 15.34 per cent to Rs 18.57 crore from Rs 16.10 crore in year ago period.
Other Income dipped by 53.73 per cent at Rs 0.31 crore versus (Sep'22 Rs 0.67 crore).
Operating Profit surged by 10.15 per cent to Rs 3.69 crore as against Rs 3.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.89 per cent in September quarter.
Interest declined by 36.50 per cent y-o-y to Rs 0.87 crore, while Taxation increased by 32.35 per cent at Rs 0.45 crore (Sep'22 Rs 0.34 crore).