The company reported standalone net profit of Rs 3.09 crore for the quarter ended September 30, 2024 as compared to Rs 0.57 crore in the same period last year, registering a year-on-year growth of 442.11 per cent.
Net revenue of the company rose substantially by 20.47 per cent at Rs 57.39 crore in July-September quarter of this fiscal as against Rs 47.64 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 15.01 per cent to Rs 52.87 crore from Rs 45.97 crore in year ago period.
Other Income grew by 86.67 per cent at Rs 1.12 crore versus (Sep'23 Rs 0.60 crore).
Operating Profit surged by 170.66 per cent to Rs 4.52 crore as against Rs 1.67 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 124.86 per cent in September quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.06 crore, while Taxation increased by 600.00 per cent at Rs 0.91 crore (Sep'23 Rs 0.13 crore).