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The company reported standalone net profit of Rs 1.51 crore for the quarter ended June 30, 2024 as compared to Rs 1.37 crore in the same period last year, registering a year-on-year growth of 10.22 per cent.
Net revenue of the company rose by 5.93 per cent at Rs 8.39 crore in April-June quarter of this fiscal as against Rs 7.92 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 11.76 per cent to Rs 0.19 crore from Rs 0.17 crore in year ago period.
Operating Profit surged by 5.94 per cent to Rs 8.21 crore as against Rs 7.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.14 per cent in June quarter.
Interest grew by 3.25 per cent y-o-y to Rs 6.03 crore, while Taxation increased by 19.57 per cent at Rs 0.55 crore (Jun'23 Rs 0.46 crore).
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