The company reported standalone net profit of Rs 439.39 crore for the quarter ended December 31, 2024 as compared to Rs 309.09 crore in the same period last year, registering a year-on-year growth of 42.16 per cent.
Net revenue of the company rose moderately by 11.44 per cent at Rs 2,540.57 crore in October-December quarter of this fiscal as against Rs 2,279.76 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 12.16 per cent to Rs 1,952.52 crore from Rs 1,740.76 crore in year ago period.
Other Income grew by 180.78 per cent at Rs 186.69 crore versus (Dec'23 Rs 66.49 crore).
Operating Profit surged by 9.10 per cent to Rs 588.05 crore as against Rs 539.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.07 per cent in December quarter.
Interest declined by 57.59 per cent y-o-y to Rs 15.00 crore, while Taxation increased by 46.69 per cent at Rs 149.58 crore (Dec'23 Rs 101.97 crore).