The company reported standalone net profit of Rs 7.92 crore for the quarter ended September 30, 2024 as compared to Rs 1.18 crore in the same period last year, registering a year-on-year growth of 571.19 per cent.
Net revenue of the company rose moderately by 11.84 per cent at Rs 303.89 crore in July-September quarter of this fiscal as against Rs 271.73 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 8.05 per cent to Rs 292.91 crore from Rs 271.09 crore in year ago period.
Other Income dipped by 47.14 per cent at Rs 1.20 crore versus (Sep'23 Rs 2.27 crore).
Operating Profit surged by 1615.63 per cent to Rs 10.98 crore as against Rs 0.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1469.57 per cent in September quarter.
Interest grew by 1.01 per cent y-o-y to Rs 1.00 crore, while Taxation increased by 4150.00 per cent at Rs 2.55 crore (Sep'23 Rs 0.06 crore).