The company reported standalone net profit of Rs 14.14 crore for the quarter ended September 30, 2024 as compared to Rs 8.48 crore in the same period last year, registering a year-on-year growth of 66.75 per cent.
Net revenue of the company rose substantially by 43.08 per cent at Rs 26.57 crore in July-September quarter of this fiscal as against Rs 18.57 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 15.96 per cent to Rs 11.48 crore from Rs 9.90 crore in year ago period.
Other Income grew by 24.73 per cent at Rs 3.43 crore versus (Sep'23 Rs 2.75 crore).
Operating Profit surged by 74.25 per cent to Rs 15.09 crore as against Rs 8.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.71 per cent in September quarter.
Interest declined by 25.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 54.68 per cent at Rs 4.13 crore (Sep'23 Rs 2.67 crore).