The company reported standalone net profit of Rs 3.06 crore for the quarter ended September 30, 2024 as compared to Rs 2.07 crore in the same period last year, registering a year-on-year growth of 47.83 per cent.
Net revenue of the company rose substantially by 59.52 per cent at Rs 21.36 crore in July-September quarter of this fiscal as against Rs 13.39 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 54.39 per cent to Rs 7.38 crore from Rs 4.78 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.73 crore versus (Sep'23 Rs 0.00 crore).
Operating Profit surged by 63.33 per cent to Rs 14.52 crore as against Rs 8.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.39 per cent in September quarter.
Interest grew by 70.29 per cent y-o-y to Rs 11.12 crore, while Taxation increased by 528.57 per cent at Rs 0.88 crore (Sep'23 Rs 0.14 crore).