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( As on 21/01/2025 17:50)

Panache Digilife Q3 net profit zooms 778.26% at Rs 2.02 cr

The company reported standalone net profit of Rs 2.02 crore for the quarter ended December 31, 2024 as compared to Rs 0.23 crore in the same period last year, registering a year-on-year growth of 778.26 per cent.

Net revenue of the company rose substantially by 36.36 per cent at Rs 20.74 crore in October-December quarter of this fiscal as against Rs 15.21 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 23.33 per cent to Rs 17.55 crore from Rs 14.23 crore in year ago period.

Other Income dipped by 74.24 per cent at Rs 0.17 crore versus (Dec'23 Rs 0.66 crore).

Operating Profit surged by 225.51 per cent to Rs 3.19 crore as against Rs 0.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 138.24 per cent in December quarter.

Interest declined by 45.69 per cent y-o-y to Rs 0.63 crore, while Taxation increased by 1366.67 per cent at Rs 0.44 crore (Dec'23 Rs 0.03 crore).