The company reported standalone net profit of Rs 58.30 crore for the quarter ended December 31, 2024 as compared to Rs 52.11 crore in the same period last year, registering a year-on-year growth of 11.88 per cent.
Net revenue of the company rose moderately by 6.08 per cent at Rs 161.34 crore in October-December quarter of this fiscal as against Rs 152.09 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 5.82 per cent to Rs 30.41 crore from Rs 32.29 crore in year ago period.
Other Income grew by 106.45 per cent at Rs 2.56 crore versus (Dec'23 Rs 1.24 crore).
Operating Profit surged by 9.29 per cent to Rs 130.92 crore as against Rs 119.79 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.02 per cent in December quarter.
Interest declined by 3.49 per cent y-o-y to Rs 29.35 crore, while Taxation increased by 28.50 per cent at Rs 31.43 crore (Dec'23 Rs 24.46 crore).