The company reported standalone net profit of Rs 6.81 crore for the quarter ended September 30, 2024 as compared to Rs 1.54 crore in the same period last year, registering a year-on-year growth of 342.21 per cent.
Net revenue of the company rose substantially by 43.66 per cent at Rs 44.49 crore in July-September quarter of this fiscal as against Rs 30.97 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 31.83 per cent to Rs 36.74 crore from Rs 27.87 crore in year ago period.
Other Income grew by 72.77 per cent at Rs 3.30 crore versus (Sep'23 Rs 1.91 crore).
Operating Profit surged by 149.20 per cent to Rs 7.75 crore as against Rs 3.11 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 73.68 per cent in September quarter.
Interest declined by 39.39 per cent y-o-y to Rs 1.00 crore, while Taxation increased by 311.11 per cent at Rs 1.85 crore (Sep'23 Rs 0.45 crore).