The company reported standalone net profit of Rs 1.34 crore for the quarter ended September 30, 2024 as compared to Rs 1.20 crore in the same period last year, registering a year-on-year growth of 11.67 per cent.
Net revenue of the company rose two fold by 280.70 per cent at Rs 28.21 crore in July-September quarter of this fiscal as against Rs 7.41 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 282.42 per cent to Rs 26.54 crore from Rs 6.94 crore in year ago period.
Other Income dipped by 13.41 per cent at Rs 1.55 crore versus (Sep'23 Rs 1.79 crore).
Operating Profit surged by 255.32 per cent to Rs 1.67 crore as against Rs 0.47 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.06 per cent in September quarter.
Interest grew by 35.00 per cent y-o-y to Rs 0.54 crore, while Taxation increased by 382.35 per cent at Rs 0.82 crore (Sep'23 Rs 0.17 crore).