The company reported standalone net profit of Rs 0.98 crore for the quarter ended September 30, 2024 as compared to Rs 0.21 crore in the same period last year, registering a year-on-year growth of 366.67 per cent.
Net revenue of the company rose substantially by 40.63 per cent at Rs 12.53 crore in July-September quarter of this fiscal as against Rs 8.91 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 34.06 per cent to Rs 11.02 crore from Rs 8.22 crore in year ago period.
Other Income grew by 77.78 per cent at Rs 0.16 crore versus (Sep'23 Rs 0.09 crore).
Operating Profit surged by 117.39 per cent to Rs 1.50 crore as against Rs 0.69 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 54.51 per cent in September quarter.
Interest declined by 37.50 per cent y-o-y to Rs 0.05 crore, while Taxation increased by 371.43 per cent at Rs 0.33 crore (Sep'23 Rs 0.07 crore).