The company reported standalone net profit of Rs 8.04 crore for the quarter ended December 31, 2024 as compared to Rs 6.06 crore in the same period last year, registering a year-on-year growth of 32.67 per cent.
Net revenue of the company rose substantially by 49.00 per cent at Rs 269.79 crore in October-December quarter of this fiscal as against Rs 181.07 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 49.58 per cent to Rs 254.86 crore from Rs 170.38 crore in year ago period.
Other Income grew by 1220.00 per cent at Rs 1.98 crore versus (Dec'23 Rs 0.15 crore).
Operating Profit surged by 39.66 per cent to Rs 14.93 crore as against Rs 10.69 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.27 per cent in December quarter.
Interest grew by 77.16 per cent y-o-y to Rs 6.98 crore, while Taxation decreased by 95.12 per cent at Rs -0.04 crore (Dec'23 Rs -0.82 crore).