Accelya Solutions In Q3 net profit jumps 98.99% at Rs 19.68 cr
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The company reported standalone net profit of Rs 19.68 crore for the quarter ended March 31, 2022 as compared to Rs 9.89 crore in the same period last year, registering a year-on-year growth of 98.99 per cent. Net revenue of the company rose substantially by 29.94 per cent at Rs 83.19 crore in January-March quarter of this fiscal as against Rs 64.02 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 11.58 per cent to Rs 50.69 crore from Rs 45.43 crore in year ago period.
Other Income grew by 88.37 per cent at Rs 3.24 crore versus (Mar'21 Rs 1.72 crore). Operating Profit surged by 74.83 per cent to Rs 32.50 crore as against Rs 18.59 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 34.54 per cent in March quarter. Interest declined by 19.63 per cent y-o-y to Rs 0.86 crore, while Taxation increased by 462.07 per cent at Rs 6.52 crore (Mar'21 Rs 1.16 crore).
