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06/02/2025 17:12

Eco Recycling Q3 net profit up 8.85% at Rs 5.41 cr

The company reported standalone net profit of Rs 5.41 crore for the quarter ended December 31, 2024 as compared to Rs 4.97 crore in the same period last year, registering a year-on-year growth of 8.85 per cent.

Net revenue of the company rose substantially by 32.80 per cent at Rs 9.92 crore in October-December quarter of this fiscal as against Rs 7.47 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 39.91 per cent to Rs 3.26 crore from Rs 2.33 crore in year ago period.

Other Income dipped by 86.92 per cent at Rs 0.17 crore versus (Dec'23 Rs 1.30 crore).

Operating Profit surged by 29.57 per cent to Rs 6.66 crore as against Rs 5.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.43 per cent in December quarter.

Interest grew by 45.45 per cent y-o-y to Rs 0.16 crore, while Taxation decreased by 0.98 per cent at Rs 1.01 crore (Dec'23 Rs 1.02 crore).