The company reported standalone net profit of Rs 274.92 crore for the quarter ended June 30, 2024 as compared to Rs 13.76 crore in the same period last year, registering a year-on-year growth of 1897.97 per cent.
Net revenue of the company rose three fold by 792.10 per cent at Rs 325.26 crore in April-June quarter of this fiscal as against Rs 36.46 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 50.96 per cent to Rs 5.11 crore from Rs 10.42 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 2.31 crore versus (Jun'23 Rs 0.00 crore).
Operating Profit surged by 1129.45 per cent to Rs 320.15 crore as against Rs 26.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 37.80 per cent in June quarter.
Interest grew by 283.06 per cent y-o-y to Rs 47.04 crore, while Taxation increased by 0.00 per cent at Rs 0.50 crore (Jun'23 Rs 0.00 crore).