The company reported standalone net profit of Rs 16.81 crore for the quarter ended December 31, 2024 as compared to Rs 13.70 crore in the same period last year, registering a year-on-year growth of 22.70 per cent.
Net revenue of the company rose substantially by 23.20 per cent at Rs 272.93 crore in October-December quarter of this fiscal as against Rs 221.54 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 23.94 per cent to Rs 248.76 crore from Rs 200.71 crore in year ago period.
Other Income grew by 45.26 per cent at Rs 4.14 crore versus (Dec'23 Rs 2.85 crore).
Operating Profit surged by 16.03 per cent to Rs 24.17 crore as against Rs 20.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.74 per cent in December quarter.
Interest declined by 1.83 per cent y-o-y to Rs 1.07 crore, while Taxation increased by 5.96 per cent at Rs 5.87 crore (Dec'23 Rs 5.54 crore).