The company reported standalone net profit of Rs 8.45 crore for the quarter ended September 30, 2022 as compared to Rs 11.31 crore in the same period last year, registering a year-on-year decline of 25.29 per cent.
Net revenue of the company rose moderately by 10.13 per cent at Rs 34.26 crore in July-September quarter of this fiscal as against Rs 31.11 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 5.38 per cent to Rs 22.91 crore from Rs 21.74 crore in year ago period.
Other Income dipped by 86.74 per cent at Rs 0.68 crore versus (Sep'21 Rs 5.13 crore).
Operating Profit surged by 21.13 per cent to Rs 11.35 crore as against Rs 9.37 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.92 per cent in September quarter.
Taxation increased by 5.19 per cent at Rs 2.84 crore (Sep'21 Rs 2.70 crore).