The company reported standalone net profit of Rs 61.48 crore for the quarter ended December 31, 2024 as compared to Rs 76.12 crore in the same period last year, registering a year-on-year decline of 19.23 per cent.
Net revenue of the company declined substantially by 23.54 per cent at Rs 454.66 crore in October-December quarter of this fiscal as against Rs 594.60 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 25.58 per cent to Rs 359.54 crore from Rs 483.15 crore in year ago period.
Other Income dipped by 61.17 per cent at Rs 1.53 crore versus (Dec'23 Rs 3.94 crore).
Operating Profit slipped by 14.65 per cent to Rs 95.12 crore as against Rs 111.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.63 per cent in December quarter.
Interest grew by 36.91 per cent y-o-y to Rs 4.34 crore, while Taxation decreased by 12.06 per cent at Rs 20.12 crore (Dec'23 Rs 22.88 crore).