The company reported standalone net profit of Rs 49.35 crore for the quarter ended September 30, 2024 as compared to Rs 51.47 crore in the same period last year, registering a year-on-year decline of 4.12 per cent.

Net revenue of the company rose by 5.62 per cent at Rs 73.81 crore in July-September quarter of this fiscal as against Rs 69.88 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 16.67 per cent to Rs 1.19 crore from Rs 1.02 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.70 crore versus (Sep'23 Rs 0.00 crore).

Operating Profit surged by 5.46 per cent to Rs 72.61 crore as against Rs 68.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.16 per cent in September quarter.

Taxation increased by 38.24 per cent at Rs 23.86 crore (Sep'23 Rs 17.26 crore).