The company reported standalone net profit of Rs 111.68 crore for the quarter ended December 31, 2024 as compared to Rs 88.08 crore in the same period last year, registering a year-on-year growth of 26.79 per cent.
Net revenue of the company rose marginally by 3.40 per cent at Rs 190.29 crore in October-December quarter of this fiscal as against Rs 184.04 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 11.32 per cent to Rs 48.41 crore from Rs 54.59 crore in year ago period.
Other Income grew by 48.67 per cent at Rs 7.85 crore versus (Dec'23 Rs 5.28 crore).
Operating Profit surged by 9.60 per cent to Rs 141.89 crore as against Rs 129.46 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.00 per cent in December quarter.
Interest declined by 21.05 per cent y-o-y to Rs 0.60 crore, while Taxation decreased by 20.58 per cent at Rs 33.97 crore (Dec'23 Rs 42.77 crore).