The company reported standalone net profit of Rs 16.74 crore for the quarter ended September 30, 2024 as compared to Rs 8.95 crore in the same period last year, registering a year-on-year growth of 87.04 per cent.
Net revenue of the company rose two fold by 252.91 per cent at Rs 1,786.56 crore in July-September quarter of this fiscal as against Rs 506.24 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 258.01 per cent to Rs 1,772.15 crore from Rs 495.00 crore in year ago period.
Other Income grew by 1854.21 per cent at Rs 20.91 crore versus (Sep'23 Rs 1.07 crore).
Operating Profit surged by 28.20 per cent to Rs 14.41 crore as against Rs 11.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 63.51 per cent in September quarter.
Interest grew by 4140.00 per cent y-o-y to Rs 12.72 crore, while Taxation increased by 85.67 per cent at Rs 5.57 crore (Sep'23 Rs 3.00 crore).