The company reported standalone net profit of Rs 5.64 crore for the quarter ended September 30, 2024 as compared to Rs 2.89 crore in the same period last year, registering a year-on-year growth of 95.16 per cent.
Net revenue of the company rose substantially by 37.67 per cent at Rs 23.72 crore in July-September quarter of this fiscal as against Rs 17.23 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 24.04 per cent to Rs 18.42 crore from Rs 14.85 crore in year ago period.
Other Income grew by 41.55 per cent at Rs 3.10 crore versus (Sep'23 Rs 2.19 crore).
Operating Profit surged by 121.34 per cent to Rs 5.29 crore as against Rs 2.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 61.08 per cent in September quarter.
Interest declined by 20.00 per cent y-o-y to Rs 0.08 crore, while Taxation increased by 91.92 per cent at Rs 1.90 crore (Sep'23 Rs 0.99 crore).