The company reported standalone net profit of Rs 23.39 crore for the quarter ended September 30, 2024 as compared to Rs 22.33 crore in the same period last year, registering a year-on-year growth of 4.75 per cent.
Net revenue of the company rose three fold by 340.88 per cent at Rs 39.90 crore in July-September quarter of this fiscal as against Rs 9.05 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 534.36 per cent to Rs 34.89 crore from Rs 5.50 crore in year ago period.
Other Income dipped by 6.34 per cent at Rs 29.57 crore versus (Sep'23 Rs 31.57 crore).
Operating Profit surged by 41.13 per cent to Rs 5.01 crore as against Rs 3.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 68.01 per cent in September quarter.
Interest grew by 16.81 per cent y-o-y to Rs 2.64 crore, while Taxation decreased by 14.98 per cent at Rs 7.55 crore (Sep'23 Rs 8.88 crore).