The company reported standalone net profit of Rs 70.00 crore for the quarter ended December 31, 2024 as compared to Rs 3053.92 crore in the same period last year, registering a year-on-year decline of 97.71 per cent.
Net revenue of the company rose moderately by 12.35 per cent at Rs 414.81 crore in October-December quarter of this fiscal as against Rs 369.22 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 1.39 per cent to Rs 398.91 crore from Rs 393.43 crore in year ago period.
Other Income grew by 125.64 per cent at Rs 38.81 crore versus (Dec'23 Rs 17.20 crore).
Operating Profit surged by 165.68 per cent to Rs 15.90 crore as against Rs -24.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 158.38 per cent in December quarter.
Interest declined by 94.35 per cent y-o-y to Rs 3.30 crore, while Taxation decreased by 96.83 per cent at Rs 23.85 crore (Dec'23 Rs 753.41 crore).