The company reported standalone net profit of Rs 6.58 crore for the quarter ended December 31, 2024 as compared to Rs 7.96 crore in the same period last year, registering a year-on-year decline of 17.34 per cent.
Net revenue of the company rose triple digit by 100.39 per cent at Rs 926.15 crore in October-December quarter of this fiscal as against Rs 462.18 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 108.71 per cent to Rs 897.14 crore from Rs 429.86 crore in year ago period.
Other Income grew by 33.09 per cent at Rs 1.85 crore versus (Dec'23 Rs 1.39 crore).
Operating Profit slipped by 10.24 per cent to Rs 29.01 crore as against Rs 32.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 55.22 per cent in December quarter.
Interest declined by 17.59 per cent y-o-y to Rs 8.62 crore, while Taxation decreased by 62.93 per cent at Rs 2.05 crore (Dec'23 Rs 5.53 crore).