The company reported standalone net profit of Rs 2.27 crore for the quarter ended September 30, 2024 as compared to Rs 0.69 crore in the same period last year, registering a year-on-year growth of 228.99 per cent.

Net revenue of the company declined substantially by 52.72 per cent at Rs 4.95 crore in July-September quarter of this fiscal as against Rs 10.47 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 80.66 per cent to Rs 1.82 crore from Rs 9.41 crore in year ago period.

Operating Profit surged by 198.10 per cent to Rs 3.13 crore as against Rs 1.05 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 528.46 per cent in September quarter.

Interest grew by 11.11 per cent y-o-y to Rs 0.40 crore, while Taxation increased by 2300.00 per cent at Rs 0.22 crore (Sep'23 Rs -0.01 crore).