The company reported standalone net profit of Rs 10.41 crore for the quarter ended September 30, 2022 as compared to Rs 7.31 crore in the same period last year, registering a year-on-year growth of 42.41 per cent.
Net revenue of the company rose marginally by 1.75 per cent at Rs 60.53 crore in July-September quarter of this fiscal as against Rs 59.49 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 3.23 per cent to Rs 47.62 crore from Rs 49.21 crore in year ago period.
Other Income grew by 300.00 per cent at Rs 1.12 crore versus (Sep'21 Rs 0.28 crore).
Operating Profit surged by 25.49 per cent to Rs 12.90 crore as against Rs 10.28 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 23.38 per cent in September quarter.
Interest declined by 50.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 13.80 per cent at Rs 3.38 crore (Sep'21 Rs 2.97 crore).