The company reported standalone net profit of Rs 6.35 crore for the quarter ended December 31, 2024 as compared to Rs 10.72 crore in the same period last year, registering a year-on-year decline of 40.76 per cent.
Net revenue of the company rose marginally by 1.43 per cent at Rs 118.98 crore in October-December quarter of this fiscal as against Rs 117.30 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 5.33 per cent to Rs 101.98 crore from Rs 96.82 crore in year ago period.
Other Income grew by 455.56 per cent at Rs 0.50 crore versus (Dec'23 Rs 0.09 crore).
Operating Profit slipped by 16.99 per cent to Rs 17.00 crore as against Rs 20.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.16 per cent in December quarter.
Interest grew by 46.73 per cent y-o-y to Rs 6.28 crore, while Taxation decreased by 29.34 per cent at Rs 2.48 crore (Dec'23 Rs 3.51 crore).