The company reported standalone net profit of Rs 1.37 crore for the quarter ended September 30, 2024 as compared to Rs 0.98 crore in the same period last year, registering a year-on-year growth of 39.80 per cent.
Net revenue of the company rose substantially by 63.69 per cent at Rs 111.47 crore in July-September quarter of this fiscal as against Rs 68.10 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 60.49 per cent to Rs 101.48 crore from Rs 63.23 crore in year ago period.
Other Income dipped by 82.61 per cent at Rs 0.04 crore versus (Sep'23 Rs 0.23 crore).
Operating Profit surged by 105.34 per cent to Rs 10.00 crore as against Rs 4.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 25.28 per cent in September quarter.
Interest grew by 368.37 per cent y-o-y to Rs 4.59 crore, while Taxation decreased by 62.50 per cent at Rs 0.48 crore (Sep'23 Rs 1.28 crore).