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( As on 15/11/2024 15:20)

Palash Securities Q2 net profit zooms 7540.00% at Rs 3.82 cr

The company reported standalone net profit of Rs 3.82 crore for the quarter ended September 30, 2024 as compared to Rs 0.05 crore in the same period last year, registering a year-on-year growth of 7540.00 per cent.

Net revenue of the company rose three fold by 6250.00 per cent at Rs 5.08 crore in July-September quarter of this fiscal as against Rs 0.08 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 11.11 per cent to Rs 0.08 crore from Rs 0.09 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.09 crore versus (Sep'23 Rs 0.09 crore).

Operating Profit surged by 25150.00 per cent to Rs 5.01 crore as against Rs -0.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 550.14 per cent in September quarter.

Taxation increased by 12700.00 per cent at Rs 1.28 crore (Sep'23 Rs 0.01 crore).