Ksolves India Q2 net profit jumps 93.46% at Rs 5.92 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 5.92 crore for the quarter ended September 30, 2022 as compared to Rs 3.06 crore in the same period last year, registering a year-on-year growth of 93.46 per cent. Net revenue of the company rose substantially by 81.55 per cent at Rs 18.50 crore in July-September quarter of this fiscal as against Rs 10.19 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 71.78 per cent to Rs 10.41 crore from Rs 6.06 crore in year ago period. Other Income dipped by 25.00 per cent at Rs 0.06 crore versus (Sep'21 Rs 0.08 crore). Operating Profit surged by 96.36 per cent to Rs 8.09 crore as against Rs 4.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.03 per cent in September quarter. Taxation increased by 100.95 per cent at Rs 2.11 crore (Sep'21 Rs 1.05 crore).
