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News Details

( As on 15/11/2024 17:00)

ACE Software E Q2 net profit down 43.88% at Rs 0.55 cr

The company reported standalone net profit of Rs 0.55 crore for the quarter ended September 30, 2024 as compared to Rs 0.98 crore in the same period last year, registering a year-on-year decline of 43.88 per cent.

Net revenue of the company rose substantially by 36.36 per cent at Rs 2.70 crore in July-September quarter of this fiscal as against Rs 1.98 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 3.41 per cent to Rs 2.12 crore from Rs 2.05 crore in year ago period.

Other Income dipped by 93.81 per cent at Rs 0.07 crore versus (Sep'23 Rs 1.13 crore).

Operating Profit surged by 928.57 per cent to Rs 0.58 crore as against Rs -0.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 693.89 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.03 crore