The company reported standalone net profit of Rs 18.49 crore for the quarter ended June 30, 2024 as compared to Rs 13.25 crore in the same period last year, registering a year-on-year growth of 39.55 per cent.
Net revenue of the company rose substantially by 44.77 per cent at Rs 51.09 crore in April-June quarter of this fiscal as against Rs 35.29 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 60.37 per cent to Rs 12.06 crore from Rs 7.52 crore in year ago period.
Other Income grew by 35.00 per cent at Rs 0.27 crore versus (Jun'23 Rs 0.20 crore).
Operating Profit surged by 40.55 per cent to Rs 39.03 crore as against Rs 27.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.90 per cent in June quarter.
Interest grew by 50.74 per cent y-o-y to Rs 14.26 crore, while Taxation increased by 24.70 per cent at Rs 6.16 crore (Jun'23 Rs 4.94 crore).