The company reported standalone net profit of Rs 161.99 crore for the quarter ended December 31, 2024 as compared to Rs 196.74 crore in the same period last year, registering a year-on-year decline of 17.66 per cent.
Net revenue of the company rose marginally by 3.91 per cent at Rs 378.76 crore in October-December quarter of this fiscal as against Rs 364.51 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 156.65 per cent to Rs 85.67 crore from Rs 33.38 crore in year ago period.
Other Income grew by 144.33 per cent at Rs 39.02 crore versus (Dec'23 Rs 15.97 crore).
Operating Profit slipped by 11.49 per cent to Rs 293.09 crore as against Rs 331.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.82 per cent in December quarter.
Interest grew by 13.14 per cent y-o-y to Rs 170.11 crore