The company reported standalone net profit of Rs 0.53 crore for the quarter ended September 30, 2023 as compared to Rs 0.80 crore in the same period last year, registering a year-on-year decline of 33.75 per cent.
Net revenue of the company declined moderately by 10.26 per cent at Rs 17.15 crore in July-September quarter of this fiscal as against Rs 19.11 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 28.72 per cent to Rs 10.92 crore from Rs 15.32 crore in year ago period.
Other Income dipped by 420.00 per cent at Rs -0.16 crore versus (Sep'22 Rs 0.05 crore).
Operating Profit surged by 64.38 per cent to Rs 6.23 crore as against Rs 3.79 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 83.21 per cent in September quarter.
Interest grew by 115.74 per cent y-o-y to Rs 4.25 crore