The company reported standalone net profit of Rs 144.58 crore for the quarter ended June 30, 2024 as compared to Rs 40.41 crore in the same period last year, registering a year-on-year growth of 257.78 per cent.
Net revenue of the company rose triple digit by 122.82 per cent at Rs 4.59 crore in April-June quarter of this fiscal as against Rs 2.06 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 179.10 per cent to Rs 9.88 crore from Rs 3.54 crore in year ago period.
Other Income dipped by 99.90 per cent at Rs 0.03 crore versus (Jun'23 Rs 31.20 crore).
Operating Profit surged by 257.43 per cent to Rs -5.29 crore as against Rs -1.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 60.43 per cent in June quarter.
Interest grew by 884.44 per cent y-o-y to Rs 25.30 crore