The company reported standalone net profit of Rs 8.49 crore for the quarter ended September 30, 2024 as compared to Rs 3.33 crore in the same period last year, registering a year-on-year growth of 154.95 per cent.
Net revenue of the company rose substantially by 94.64 per cent at Rs 174.92 crore in July-September quarter of this fiscal as against Rs 89.87 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 100.69 per cent to Rs 164.85 crore from Rs 82.14 crore in year ago period.
Other Income dipped by 22.92 per cent at Rs 0.37 crore versus (Sep'23 Rs 0.48 crore).
Operating Profit surged by 29.97 per cent to Rs 10.06 crore as against Rs 7.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 33.22 per cent in September quarter.
Interest grew by 39.48 per cent y-o-y to Rs 6.43 crore, while Taxation increased by 12350.00 per cent at Rs 4.90 crore (Sep'23 Rs -0.04 crore).