The company reported standalone net profit of Rs 30.48 crore for the quarter ended December 31, 2024 as compared to Rs 30.61 crore in the same period last year, registering a year-on-year decline of 0.42 per cent.
Net revenue of the company rose substantially by 24.12 per cent at Rs 461.02 crore in October-December quarter of this fiscal as against Rs 371.43 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 27.80 per cent to Rs 418.64 crore from Rs 327.58 crore in year ago period.
Other Income grew by 19.20 per cent at Rs 3.29 crore versus (Dec'23 Rs 2.76 crore).
Operating Profit slipped by 3.35 per cent to Rs 42.38 crore as against Rs 43.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.18 per cent in December quarter.
Interest declined by 30.79 per cent y-o-y to Rs 2.72 crore, while Taxation increased by 0.10 per cent at Rs 10.47 crore (Dec'23 Rs 10.46 crore).