The company reported standalone net profit of Rs 23.12 crore for the quarter ended December 31, 2024 as compared to Rs 41.00 crore in the same period last year, registering a year-on-year decline of 43.61 per cent.
Net revenue of the company declined marginally by 3.14 per cent at Rs 258.30 crore in October-December quarter of this fiscal as against Rs 266.67 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 5.92 per cent to Rs 257.52 crore from Rs 243.12 crore in year ago period.
Other Income grew by 7.18 per cent at Rs 53.01 crore versus (Dec'23 Rs 49.46 crore).
Operating Profit slipped by 96.69 per cent to Rs 0.78 crore as against Rs 23.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 96.60 per cent in December quarter.
Interest declined by 8.93 per cent y-o-y to Rs 0.51 crore, while Taxation decreased by 9.58 per cent at Rs 12.17 crore (Dec'23 Rs 13.46 crore).