The company reported standalone net profit of Rs 1.73 crore for the quarter ended September 30, 2024 as compared to Rs 0.01 crore in the same period last year, registering a year-on-year growth of 17200.00 per cent.
Net revenue of the company rose substantially by 55.84 per cent at Rs 51.66 crore in July-September quarter of this fiscal as against Rs 33.15 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 55.22 per cent to Rs 48.74 crore from Rs 31.40 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.08 crore versus (Sep'23 Rs 0.08 crore).
Operating Profit surged by 66.86 per cent to Rs 2.92 crore as against Rs 1.75 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.81 per cent in September quarter.
Interest declined by 85.00 per cent y-o-y to Rs 0.03 crore, while Taxation decreased by 33.06 per cent at Rs 0.83 crore (Sep'23 Rs 1.24 crore).