The company reported standalone net profit of Rs 16.29 crore for the quarter ended December 31, 2024 as compared to Rs 13.80 crore in the same period last year, registering a year-on-year growth of 18.04 per cent.
Net revenue of the company rose marginally by 1.84 per cent at Rs 609.73 crore in October-December quarter of this fiscal as against Rs 598.70 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 0.48 per cent to Rs 552.69 crore from Rs 550.05 crore in year ago period.
Other Income dipped by 58.65 per cent at Rs 3.18 crore versus (Dec'23 Rs 7.69 crore).
Operating Profit surged by 17.25 per cent to Rs 57.04 crore as against Rs 48.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.13 per cent in December quarter.
Interest declined by 2.37 per cent y-o-y to Rs 15.21 crore, while Taxation increased by 27.07 per cent at Rs 6.15 crore (Dec'23 Rs 4.84 crore).