The company reported standalone net profit of Rs 5.18 crore for the quarter ended September 30, 2022 as compared to Rs 0.51 crore in the same period last year, registering a year-on-year growth of 915.69 per cent.
Net revenue of the company rose substantially by 82.23 per cent at Rs 38.76 crore in July-September quarter of this fiscal as against Rs 21.27 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 55.10 per cent to Rs 30.43 crore from Rs 19.62 crore in year ago period.
Other Income dipped by 4.00 per cent at Rs 0.24 crore versus (Sep'21 Rs 0.25 crore).
Operating Profit surged by 404.85 per cent to Rs 8.33 crore as against Rs 1.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 177.52 per cent in September quarter.
Interest grew by 7.69 per cent y-o-y to Rs 0.28 crore, while Taxation increased by 522.86 per cent at Rs 2.18 crore (Sep'21 Rs 0.35 crore).