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( As on 13/11/2024 10:10)

Panache Digilife Q2 net profit zooms 1175.00% at Rs 1.53 cr

The company reported standalone net profit of Rs 1.53 crore for the quarter ended September 30, 2024 as compared to Rs 0.12 crore in the same period last year, registering a year-on-year growth of 1175.00 per cent.

Net revenue of the company rose moderately by 13.85 per cent at Rs 23.43 crore in July-September quarter of this fiscal as against Rs 20.58 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 6.40 per cent to Rs 20.60 crore from Rs 19.36 crore in year ago period.

Other Income dipped by 18.18 per cent at Rs 0.18 crore versus (Sep'23 Rs 0.22 crore).

Operating Profit surged by 131.97 per cent to Rs 2.83 crore as against Rs 1.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 104.05 per cent in September quarter.

Interest declined by 39.81 per cent y-o-y to Rs 0.65 crore, while Taxation increased by 2550.00 per cent at Rs 0.53 crore (Sep'23 Rs 0.02 crore).