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Ritesh Internati Q3 net profit zooms 1416.67% at Rs 0.91 cr

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Dion Global

13 Feb 2025

The company reported standalone net profit of Rs 0.91 crore for the quarter ended December 31, 2024 as compared to Rs 0.06 crore in the same period last year, registering a year-on-year growth of 1416.67 per cent.

Net revenue of the company rose triple digit by 123.09 per cent at Rs 39.04 crore in October-December quarter of this fiscal as against Rs 17.50 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 119.86 per cent to Rs 37.64 crore from Rs 17.12 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.12 crore versus (Dec'23 Rs 0.00 crore).

Operating Profit surged by 261.54 per cent to Rs 1.41 crore as against Rs 0.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 62.16 per cent in December quarter.

Interest grew by 18.75 per cent y-o-y to Rs 0.19 crore, while Taxation increased by 0.00 per cent at Rs 0.20 crore (Dec'23 Rs 0.00 crore).