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( As on 13/11/2024 19:10)

Ceinsys Tech Q2 net profit zooms 261.14% at Rs 16.54 cr

The company reported standalone net profit of Rs 16.54 crore for the quarter ended September 30, 2024 as compared to Rs 4.58 crore in the same period last year, registering a year-on-year growth of 261.14 per cent.

Net revenue of the company rose substantially by 70.67 per cent at Rs 78.37 crore in July-September quarter of this fiscal as against Rs 45.92 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 55.85 per cent to Rs 58.57 crore from Rs 37.58 crore in year ago period.

Other Income grew by 758.14 per cent at Rs 3.69 crore versus (Sep'23 Rs 0.43 crore).

Operating Profit surged by 137.29 per cent to Rs 19.79 crore as against Rs 8.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 39.02 per cent in September quarter.

Interest declined by 67.59 per cent y-o-y to Rs 0.47 crore, while Taxation increased by 205.65 per cent at Rs 5.41 crore (Sep'23 Rs 1.77 crore).