The company reported standalone net profit of Rs 46.60 crore for the quarter ended December 31, 2024 as compared to Rs 40.07 crore in the same period last year, registering a year-on-year growth of 16.30 per cent.
Net revenue of the company rose moderately by 19.37 per cent at Rs 660.75 crore in October-December quarter of this fiscal as against Rs 553.54 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 19.65 per cent to Rs 590.36 crore from Rs 493.42 crore in year ago period.
Other Income grew by 48.77 per cent at Rs 4.24 crore versus (Dec'23 Rs 2.85 crore).
Operating Profit surged by 17.07 per cent to Rs 70.38 crore as against Rs 60.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.93 per cent in December quarter.
Interest grew by 38.35 per cent y-o-y to Rs 6.53 crore, while Taxation increased by 19.38 per cent at Rs 17.74 crore (Dec'23 Rs 14.86 crore).