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Category :
Company News
Headline :
Swas.Vinay.Synt Q3 net profit jumps 59.52% at Rs 0.67 cr
Date:
14/02/2024 17:33
The company reported standalone net profit of Rs 0.67 crore for the quarter ended December 31, 2023 as compared to Rs 0.42 crore in the same period last year, registering a year-on-year growth of 59.52 per cent.
Net revenue of the company rose substantially by 98.17 per cent at Rs 10.80 crore in October-December quarter of this fiscal as against Rs 5.45 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 103.93 per cent to Rs 9.87 crore from Rs 4.84 crore in year ago period.
Other Income grew by 33.33 per cent at Rs 0.04 crore versus (Dec'22 Rs 0.03 crore).
Operating Profit surged by 52.46 per cent to Rs 0.93 crore as against Rs 0.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.26 per cent in December quarter.
Interest grew by 61.54 per cent y-o-y to Rs 0.21 crore
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