The company reported standalone net profit of Rs 11.65 crore for the quarter ended December 31, 2024 as compared to Rs 82.47 crore in the same period last year, registering a year-on-year decline of 85.87 per cent.
Net revenue of the company declined moderately by 19.07 per cent at Rs 385.70 crore in October-December quarter of this fiscal as against Rs 476.58 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 2.61 per cent to Rs 357.39 crore from Rs 366.95 crore in year ago period.
Other Income dipped by 36.57 per cent at Rs 15.30 crore versus (Dec'23 Rs 24.12 crore).
Operating Profit slipped by 74.18 per cent to Rs 28.31 crore as against Rs 109.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 68.09 per cent in December quarter.
Interest grew by 445.78 per cent y-o-y to Rs 4.53 crore, while Taxation decreased by 83.90 per cent at Rs 5.43 crore (Dec'23 Rs 33.73 crore).