The company reported standalone net profit of Rs 1.29 crore for the quarter ended September 30, 2024 as compared to Rs 0.97 crore in the same period last year, registering a year-on-year growth of 32.99 per cent.
Net revenue of the company rose substantially by 46.10 per cent at Rs 39.33 crore in July-September quarter of this fiscal as against Rs 26.92 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 60.21 per cent to Rs 24.72 crore from Rs 15.43 crore in year ago period.
Other Income grew by 40.63 per cent at Rs 0.45 crore versus (Sep'23 Rs 0.32 crore).
Operating Profit surged by 27.15 per cent to Rs 14.61 crore as against Rs 11.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.96 per cent in September quarter.
Interest grew by 38.94 per cent y-o-y to Rs 10.24 crore, while Taxation decreased by 12.28 per cent at Rs 0.50 crore (Sep'23 Rs 0.57 crore).