The company reported standalone net profit of Rs 9.55 crore for the quarter ended September 30, 2024 as compared to Rs 2.99 crore in the same period last year, registering a year-on-year growth of 219.40 per cent.
Net revenue of the company rose substantially by 34.53 per cent at Rs 162.70 crore in July-September quarter of this fiscal as against Rs 120.94 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 30.30 per cent to Rs 140.18 crore from Rs 107.58 crore in year ago period.
Other Income grew by 25.06 per cent at Rs 5.09 crore versus (Sep'23 Rs 4.07 crore).
Operating Profit surged by 68.56 per cent to Rs 22.52 crore as against Rs 13.36 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 25.25 per cent in September quarter.
Interest declined by 7.24 per cent y-o-y to Rs 2.82 crore, while Taxation decreased by 8.95 per cent at Rs 2.34 crore (Sep'23 Rs 2.57 crore).