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News Details

( As on 29/10/2024 11:00)

Allied Digital Servi Q2 net profit up 0.89% at Rs 5.65 cr

The company reported standalone net profit of Rs 5.65 crore for the quarter ended September 30, 2024 as compared to Rs 5.60 crore in the same period last year, registering a year-on-year growth of 0.89 per cent.

Net revenue of the company rose substantially by 33.28 per cent at Rs 91.07 crore in July-September quarter of this fiscal as against Rs 68.33 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 40.76 per cent to Rs 80.84 crore from Rs 57.43 crore in year ago period.

Other Income grew by 483.33 per cent at Rs 1.75 crore versus (Sep'23 Rs 0.30 crore).

Operating Profit slipped by 6.23 per cent to Rs 10.23 crore as against Rs 10.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.64 per cent in September quarter.

Interest grew by 50.47 per cent y-o-y to Rs 1.61 crore, while Taxation decreased by 20.09 per cent at Rs 1.87 crore (Sep'23 Rs 2.34 crore).