The company reported standalone net profit of Rs 0.57 crore for the quarter ended December 31, 2019 as compared to Rs 0.54 crore in the same period last year, registering a year-on-year growth of 5.56 per cent.
Net revenue of the company declined moderately by 18.59 per cent at Rs 2.89 crore in October-December quarter of this fiscal as against Rs 3.55 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 27.01 per cent to Rs 2.00 crore from Rs 2.74 crore in year ago period.
Other Income dipped by 8.33 per cent at Rs 0.22 crore versus (Dec'18 Rs 0.24 crore).
Operating Profit surged by 9.88 per cent to Rs 0.89 crore as against Rs 0.81 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 35.70 per cent in December quarter.
Interest grew by 12.50 per cent y-o-y to Rs 0.18 crore, while Taxation increased by 4.76 per cent at Rs 0.22 crore (Dec'18 Rs 0.21 crore).