The company reported standalone net profit of Rs 0.82 crore for the quarter ended September 30, 2022 as compared to Rs 0.78 crore in the same period last year, registering a year-on-year growth of 5.13 per cent.
Net revenue of the company rose substantially by 27.92 per cent at Rs 39.13 crore in July-September quarter of this fiscal as against Rs 30.59 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 31.12 per cent to Rs 37.79 crore from Rs 28.82 crore in year ago period.
Other Income grew by 200.00 per cent at Rs 1.11 crore versus (Sep'21 Rs 0.37 crore).
Operating Profit slipped by 24.29 per cent to Rs 1.34 crore as against Rs 1.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.59 per cent in September quarter.
Interest declined by 13.70 per cent y-o-y to Rs 0.63 crore, while Taxation increased by 0.00 per cent at Rs 0.28 crore (Sep'21 Rs 0.28 crore).