The company reported standalone net profit of Rs 20.34 crore for the quarter ended December 31, 2024 as compared to Rs 40.59 crore in the same period last year, registering a year-on-year decline of 49.89 per cent.
Net revenue of the company declined substantially by 20.70 per cent at Rs 217.53 crore in October-December quarter of this fiscal as against Rs 274.33 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 16.80 per cent to Rs 184.65 crore from Rs 221.93 crore in year ago period.
Other Income dipped by 50.98 per cent at Rs 5.99 crore versus (Dec'23 Rs 12.22 crore).
Operating Profit slipped by 37.25 per cent to Rs 32.88 crore as against Rs 52.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.89 per cent in December quarter.
Interest grew by 107.27 per cent y-o-y to Rs 9.41 crore, while Taxation decreased by 58.38 per cent at Rs 7.38 crore (Dec'23 Rs 17.73 crore).