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Artificial Electroni Q2 net profit zooms 162.50% at Rs 0.21 cr

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Dion Global

13 Nov 2024

The company reported standalone net profit of Rs 0.21 crore for the quarter ended September 30, 2024 as compared to Rs 0.08 crore in the same period last year, registering a year-on-year growth of 162.50 per cent.

Net revenue of the company rose three fold by 905.56 per cent at Rs 3.62 crore in July-September quarter of this fiscal as against Rs 0.36 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 1283.33 per cent to Rs 3.32 crore from Rs 0.24 crore in year ago period.

Operating Profit surged by 141.67 per cent to Rs 0.29 crore as against Rs 0.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 75.17 per cent in September quarter.

Taxation increased by 166.67 per cent at Rs 0.08 crore (Sep'23 Rs 0.03 crore).