The company reported standalone net profit of Rs 73.40 crore for the quarter ended December 31, 2024 as compared to Rs 94.61 crore in the same period last year, registering a year-on-year decline of 22.42 per cent.
Net revenue of the company rose moderately by 18.37 per cent at Rs 483.52 crore in October-December quarter of this fiscal as against Rs 408.48 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 26.62 per cent to Rs 384.47 crore from Rs 303.64 crore in year ago period.
Other Income dipped by 72.38 per cent at Rs 6.85 crore versus (Dec'23 Rs 24.80 crore).
Operating Profit slipped by 5.52 per cent to Rs 99.05 crore as against Rs 104.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.22 per cent in December quarter.
Interest grew by 21.43 per cent y-o-y to Rs 0.34 crore, while Taxation decreased by 9.47 per cent at Rs 28.77 crore (Dec'23 Rs 31.78 crore).