The company reported standalone net profit of Rs 7.06 crore for the quarter ended September 30, 2024 as compared to Rs 3.17 crore in the same period last year, registering a year-on-year growth of 122.71 per cent.
Net revenue of the company rose substantially by 77.02 per cent at Rs 89.73 crore in July-September quarter of this fiscal as against Rs 50.69 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 72.00 per cent to Rs 79.19 crore from Rs 46.04 crore in year ago period.
Other Income grew by 443.33 per cent at Rs 1.63 crore versus (Sep'23 Rs 0.30 crore).
Operating Profit surged by 126.18 per cent to Rs 10.54 crore as against Rs 4.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 27.89 per cent in September quarter.
Interest declined by 85.71 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 253.68 per cent at Rs 4.81 crore (Sep'23 Rs 1.36 crore).