The company reported standalone net profit of Rs 184.29 crore for the quarter ended December 31, 2024 as compared to Rs 248.02 crore in the same period last year, registering a year-on-year decline of 25.70 per cent.
Net revenue of the company rose marginally by 4.74 per cent at Rs 1,069.88 crore in October-December quarter of this fiscal as against Rs 1,021.45 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 16.66 per cent to Rs 828.22 crore from Rs 709.96 crore in year ago period.
Other Income dipped by 20.86 per cent at Rs 44.51 crore versus (Dec'23 Rs 56.24 crore).
Operating Profit slipped by 22.42 per cent to Rs 241.66 crore as against Rs 311.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.91 per cent in December quarter.
Interest grew by 36.45 per cent y-o-y to Rs 10.52 crore, while Taxation decreased by 33.16 per cent at Rs 64.71 crore (Dec'23 Rs 96.82 crore).