The company reported standalone net profit of Rs 24.94 crore for the quarter ended September 30, 2024 as compared to Rs 11.92 crore in the same period last year, registering a year-on-year growth of 109.23 per cent.
Net revenue of the company rose substantially by 75.73 per cent at Rs 200.52 crore in July-September quarter of this fiscal as against Rs 114.11 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 77.24 per cent to Rs 157.97 crore from Rs 89.13 crore in year ago period.
Other Income grew by 5300.00 per cent at Rs 1.08 crore versus (Sep'23 Rs 0.02 crore).
Operating Profit surged by 70.34 per cent to Rs 42.55 crore as against Rs 24.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.06 per cent in September quarter.
Interest grew by 21.24 per cent y-o-y to Rs 5.48 crore, while Taxation increased by 99.02 per cent at Rs 8.10 crore (Sep'23 Rs 4.07 crore).