The company reported standalone net profit of Rs 281.95 crore for the quarter ended December 31, 2024 as compared to Rs 271.54 crore in the same period last year, registering a year-on-year growth of 3.83 per cent.
Net revenue of the company declined marginally by 1.53 per cent at Rs 455.53 crore in October-December quarter of this fiscal as against Rs 462.61 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 42.50 per cent to Rs 14.25 crore from Rs 10.00 crore in year ago period.
Other Income dipped by 48.39 per cent at Rs 0.16 crore versus (Dec'23 Rs 0.31 crore).
Operating Profit slipped by 2.50 per cent to Rs 441.28 crore as against Rs 452.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.99 per cent in December quarter.
Interest declined by 12.10 per cent y-o-y to Rs 159.31 crore, while Taxation increased by 30.77 per cent at Rs 0.17 crore (Dec'23 Rs 0.13 crore).