The company reported standalone net profit of Rs 3.36 crore for the quarter ended December 31, 2024 as compared to Rs 3.74 crore in the same period last year, registering a year-on-year decline of 10.16 per cent.
Net revenue of the company rose substantially by 72.01 per cent at Rs 188.64 crore in October-December quarter of this fiscal as against Rs 109.67 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 74.63 per cent to Rs 177.25 crore from Rs 101.50 crore in year ago period.
Other Income grew by 46.43 per cent at Rs 0.41 crore versus (Dec'23 Rs 0.28 crore).
Operating Profit surged by 39.41 per cent to Rs 11.39 crore as against Rs 8.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.93 per cent in December quarter.
Interest grew by 40.77 per cent y-o-y to Rs 6.56 crore, while Taxation decreased by 17.65 per cent at Rs 0.70 crore (Dec'23 Rs 0.85 crore).