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14/08/2025 10:50

HOV Services Q1 net profit zooms 121.79% at Rs 1.73 cr

The company reported standalone net profit of Rs 1.73 crore for the quarter ended June 30, 2025 as compared to Rs 0.78 crore in the same period last year, registering a year-on-year growth of 121.79 per cent.

Net revenue of the company rose triple digit by 144.34 per cent at Rs 13.61 crore in April-June quarter of this fiscal as against Rs 5.57 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 140.99 per cent to Rs 11.23 crore from Rs 4.66 crore in year ago period.

Other Income grew by 18.18 per cent at Rs 0.52 crore versus (Jun'24 Rs 0.44 crore).

Operating Profit surged by 158.70 per cent to Rs 2.38 crore as against Rs 0.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.88 per cent in June quarter.

Interest grew by 60.00 per cent y-o-y to Rs 0.08 crore, while Taxation increased by 134.48 per cent at Rs 0.68 crore (Jun'24 Rs 0.29 crore).