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( As on 14/11/2024 19:50)

ACCEL L Q2 net profit up 11.32% at Rs 0.59 cr

The company reported standalone net profit of Rs 0.59 crore for the quarter ended September 30, 2024 as compared to Rs 0.53 crore in the same period last year, registering a year-on-year growth of 11.32 per cent.

Net revenue of the company rose by 0.98 per cent at Rs 39.16 crore in July-September quarter of this fiscal as against Rs 38.78 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 0.28 per cent to Rs 35.40 crore from Rs 35.50 crore in year ago period.

Other Income dipped by 71.91 per cent at Rs 0.25 crore versus (Sep'23 Rs 0.89 crore).

Operating Profit surged by 14.63 per cent to Rs 3.76 crore as against Rs 3.28 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.73 per cent in September quarter.

Interest grew by 0.58 per cent y-o-y to Rs 1.74 crore, while Taxation increased by 13.64 per cent at Rs 0.25 crore (Sep'23 Rs 0.22 crore).