The company reported standalone net profit of Rs 5.19 crore for the quarter ended December 31, 2024 as compared to Rs 31.47 crore in the same period last year, registering a year-on-year decline of 83.51 per cent.
Net revenue of the company declined moderately by 10.59 per cent at Rs 542.82 crore in October-December quarter of this fiscal as against Rs 607.13 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 5.93 per cent to Rs 509.54 crore from Rs 541.67 crore in year ago period.
Other Income dipped by 28.44 per cent at Rs 9.36 crore versus (Dec'23 Rs 13.08 crore).
Operating Profit slipped by 49.16 per cent to Rs 33.28 crore as against Rs 65.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 43.14 per cent in December quarter.
Interest declined by 15.78 per cent y-o-y to Rs 7.15 crore, while Taxation decreased by 78.85 per cent at Rs 2.36 crore (Dec'23 Rs 11.16 crore).