News Details

( As on 12/11/2024 20:00)

Sawaca Business Mach Q2 net profit jumps 47.06% at Rs 0.50 cr

The company reported standalone net profit of Rs 0.50 crore for the quarter ended September 30, 2024 as compared to Rs 0.34 crore in the same period last year, registering a year-on-year growth of 47.06 per cent.

Net revenue of the company rose three fold by 10216.67 per cent at Rs 30.95 crore in July-September quarter of this fiscal as against Rs 0.30 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 33966.67 per cent to Rs 30.66 crore from Rs 0.09 crore in year ago period.

Other Income grew by 53.85 per cent at Rs 0.40 crore versus (Sep'23 Rs 0.26 crore).

Operating Profit surged by 42.86 per cent to Rs 0.30 crore as against Rs 0.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 98.67 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 50.00 per cent at Rs 0.18 crore (Sep'23 Rs 0.12 crore).