The company reported standalone net profit of Rs 0.34 crore for the quarter ended September 30, 2024 as compared to Rs 0.15 crore in the same period last year, registering a year-on-year growth of 126.67 per cent.
Net revenue of the company rose substantially by 77.35 per cent at Rs 23.25 crore in July-September quarter of this fiscal as against Rs 13.11 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 78.39 per cent to Rs 22.21 crore from Rs 12.45 crore in year ago period.
Operating Profit surged by 56.06 per cent to Rs 1.03 crore as against Rs 0.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.06 per cent in September quarter.
Interest grew by 11.11 per cent y-o-y to Rs 0.40 crore, while Taxation increased by 120.00 per cent at Rs 0.22 crore (Sep'23 Rs 0.10 crore).