The company reported standalone net profit of Rs 23.11 crore for the quarter ended December 31, 2024 as compared to Rs 23.14 crore in the same period last year, registering a year-on-year decline of 0.13 per cent.
Net revenue of the company rose substantially by 21.67 per cent at Rs 192.50 crore in October-December quarter of this fiscal as against Rs 158.22 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 22.08 per cent to Rs 156.68 crore from Rs 128.34 crore in year ago period.
Other Income dipped by 85.94 per cent at Rs 0.62 crore versus (Dec'23 Rs 4.41 crore).
Operating Profit surged by 19.88 per cent to Rs 35.82 crore as against Rs 29.88 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.48 per cent in December quarter.
Interest grew by 22.84 per cent y-o-y to Rs 1.99 crore, while Taxation increased by 18.39 per cent at Rs 8.37 crore (Dec'23 Rs 7.07 crore).