The company reported standalone net profit of Rs 25.05 crore for the quarter ended December 31, 2024 as compared to Rs 45.31 crore in the same period last year, registering a year-on-year decline of 44.71 per cent.
Net revenue of the company rose marginally by 1.66 per cent at Rs 180.55 crore in October-December quarter of this fiscal as against Rs 177.61 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 6.19 per cent to Rs 134.03 crore from Rs 142.88 crore in year ago period.
Other Income grew by 2800.00 per cent at Rs 2.61 crore versus (Dec'23 Rs 0.09 crore).
Operating Profit surged by 38.96 per cent to Rs 48.26 crore as against Rs 34.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.66 per cent in December quarter.
Interest grew by 189.16 per cent y-o-y to Rs 9.34 crore, while Taxation decreased by 2.26 per cent at Rs 11.67 crore (Dec'23 Rs 11.94 crore).