The company reported standalone net profit of Rs 71.86 crore for the quarter ended December 31, 2024 as compared to Rs 100.66 crore in the same period last year, registering a year-on-year decline of 28.61 per cent.
Net revenue of the company declined moderately by 13.13 per cent at Rs 1,130.88 crore in October-December quarter of this fiscal as against Rs 1,301.78 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 14.33 per cent to Rs 1,007.87 crore from Rs 1,176.41 crore in year ago period.
Other Income dipped by 75.71 per cent at Rs 9.38 crore versus (Dec'23 Rs 38.62 crore).
Operating Profit slipped by 1.88 per cent to Rs 123.01 crore as against Rs 125.37 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.98 per cent in December quarter.
Interest declined by 3.69 per cent y-o-y to Rs 2.87 crore, while Taxation decreased by 14.72 per cent at Rs 25.84 crore (Dec'23 Rs 30.30 crore).