The company reported standalone net profit of Rs 99.17 crore for the quarter ended September 30, 2024 as compared to Rs 66.97 crore in the same period last year, registering a year-on-year growth of 48.08 per cent.
Net revenue of the company rose substantially by 42.03 per cent at Rs 121.22 crore in July-September quarter of this fiscal as against Rs 85.35 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 8.12 per cent to Rs 3.51 crore from Rs 3.82 crore in year ago period.
Other Income grew by 11.83 per cent at Rs 1.89 crore versus (Sep'23 Rs 1.69 crore).
Operating Profit surged by 44.36 per cent to Rs 117.70 crore as against Rs 81.53 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.64 per cent in September quarter.
Interest declined by 41.47 per cent y-o-y to Rs 1.75 crore, while Taxation increased by 41.05 per cent at Rs 18.52 crore (Sep'23 Rs 13.13 crore).