The company reported standalone net profit of Rs 2.91 crore for the quarter ended September 30, 2024 as compared to Rs 0.39 crore in the same period last year, registering a year-on-year growth of 646.15 per cent.
Net revenue of the company rose substantially by 57.67 per cent at Rs 48.72 crore in July-September quarter of this fiscal as against Rs 30.90 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 52.30 per cent to Rs 45.31 crore from Rs 29.75 crore in year ago period.
Other Income grew by 130.19 per cent at Rs 1.22 crore versus (Sep'23 Rs 0.53 crore).
Operating Profit surged by 196.52 per cent to Rs 3.41 crore as against Rs 1.15 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 88.17 per cent in September quarter.
Interest grew by 21.43 per cent y-o-y to Rs 0.34 crore, while Taxation increased by 315.38 per cent at Rs 0.54 crore (Sep'23 Rs 0.13 crore).