The company reported standalone net profit of Rs 2.86 crore for the quarter ended December 31, 2024 as compared to Rs 46.20 crore in the same period last year, registering a year-on-year decline of 93.81 per cent.
Net revenue of the company declined moderately by 9.06 per cent at Rs 733.32 crore in October-December quarter of this fiscal as against Rs 806.38 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 2.89 per cent to Rs 652.27 crore from Rs 633.95 crore in year ago period.
Other Income grew by 10.92 per cent at Rs 100.17 crore versus (Dec'23 Rs 90.31 crore).
Operating Profit slipped by 53.00 per cent to Rs 81.05 crore as against Rs 172.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.32 per cent in December quarter.
Interest declined by 17.97 per cent y-o-y to Rs 115.85 crore