The company reported standalone net profit of Rs 2.70 crore for the quarter ended September 30, 2022 as compared to Rs 2.66 crore in the same period last year, registering a year-on-year growth of 1.50 per cent.
Net revenue of the company rose substantially by 58.39 per cent at Rs 133.98 crore in July-September quarter of this fiscal as against Rs 84.59 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 46.33 per cent to Rs 130.23 crore from Rs 89.00 crore in year ago period.
Other Income dipped by 67.12 per cent at Rs 3.38 crore versus (Sep'21 Rs 10.28 crore).
Operating Profit surged by 185.03 per cent to Rs 3.75 crore as against Rs -4.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 153.74 per cent in September quarter.
Interest grew by 0.00 per cent y-o-y to Rs 0.57 crore, while Taxation increased by 59.78 per cent at Rs 1.47 crore (Sep'21 Rs 0.92 crore).