The company reported standalone net profit of Rs 1.45 crore for the quarter ended September 30, 2024 as compared to Rs 0.26 crore in the same period last year, registering a year-on-year growth of 457.69 per cent.
Net revenue of the company rose substantially by 63.98 per cent at Rs 27.68 crore in July-September quarter of this fiscal as against Rs 16.88 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 69.42 per cent to Rs 24.82 crore from Rs 14.65 crore in year ago period.
Other Income grew by 188.89 per cent at Rs 0.26 crore versus (Sep'23 Rs 0.09 crore).
Operating Profit surged by 28.83 per cent to Rs 2.86 crore as against Rs 2.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.55 per cent in September quarter.
Interest declined by 24.56 per cent y-o-y to Rs 0.43 crore