The company reported standalone net profit of Rs 147.88 crore for the quarter ended December 31, 2024 as compared to Rs 96.64 crore in the same period last year, registering a year-on-year growth of 53.02 per cent.
Net revenue of the company declined substantially by 39.05 per cent at Rs 710.81 crore in October-December quarter of this fiscal as against Rs 1,166.29 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 35.54 per cent to Rs 678.25 crore from Rs 1,052.28 crore in year ago period.
Other Income dipped by 1.91 per cent at Rs 31.76 crore versus (Dec'23 Rs 32.38 crore).
Operating Profit slipped by 71.44 per cent to Rs 32.56 crore as against Rs 114.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 53.17 per cent in December quarter.
Taxation decreased by 22.42 per cent at Rs 20.56 crore (Dec'23 Rs 26.50 crore).