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( As on 27/10/2022 20:40) Advik Capital Q2 net profit zooms 8814.29% at Rs 6.24 cr

The company reported standalone net profit of Rs 6.24 crore for the quarter ended September 30, 2022 as compared to Rs 0.07 crore in the same period last year, registering a year-on-year growth of 8814.29 per cent.

Net revenue of the company rose three fold by 189633.33 per cent at Rs 227.68 crore in July-September quarter of this fiscal as against Rs 0.12 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 364116.67 per cent to Rs 218.53 crore from Rs 0.06 crore in year ago period.

Operating Profit surged by 10066.67 per cent to Rs 9.15 crore as against Rs 0.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 94.77 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.80 crore, while Taxation increased by 10450.00 per cent at Rs 2.11 crore (Sep'21 Rs 0.02 crore).