The company reported standalone net profit of Rs 3.64 crore for the quarter ended September 30, 2024 as compared to Rs 0.21 crore in the same period last year, registering a year-on-year growth of 1633.33 per cent.
Net revenue of the company rose moderately by 10.95 per cent at Rs 29.38 crore in July-September quarter of this fiscal as against Rs 26.48 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 8.86 per cent to Rs 21.50 crore from Rs 23.59 crore in year ago period.
Other Income dipped by 79.45 per cent at Rs 0.15 crore versus (Sep'23 Rs 0.73 crore).
Operating Profit surged by 171.72 per cent to Rs 7.88 crore as against Rs 2.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 145.38 per cent in September quarter.
Interest grew by 4.17 per cent y-o-y to Rs 2.25 crore, while Taxation increased by 925.00 per cent at Rs 1.23 crore (Sep'23 Rs 0.12 crore).