The company reported standalone net profit of Rs 1.27 crore for the quarter ended June 30, 2024 as compared to Rs 0.69 crore in the same period last year, registering a year-on-year growth of 84.06 per cent.
Net revenue of the company rose marginally by 3.63 per cent at Rs 20.54 crore in April-June quarter of this fiscal as against Rs 19.82 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 2.32 per cent to Rs 20.26 crore from Rs 19.80 crore in year ago period.
Other Income grew by 48.42 per cent at Rs 1.41 crore versus (Jun'23 Rs 0.95 crore).
Operating Profit surged by 1300.00 per cent to Rs 0.28 crore as against Rs 0.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1625.00 per cent in June quarter.
Taxation increased by 73.91 per cent at Rs 0.40 crore (Jun'23 Rs 0.23 crore).