The company reported standalone net profit of Rs 21.05 crore for the quarter ended December 31, 2024 as compared to Rs 20.72 crore in the same period last year, registering a year-on-year growth of 1.59 per cent.
Net revenue of the company rose moderately by 11.32 per cent at Rs 179.59 crore in October-December quarter of this fiscal as against Rs 161.33 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 15.97 per cent to Rs 153.86 crore from Rs 132.67 crore in year ago period.
Other Income grew by 47.59 per cent at Rs 11.66 crore versus (Dec'23 Rs 7.90 crore).
Operating Profit slipped by 10.22 per cent to Rs 25.73 crore as against Rs 28.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.31 per cent in December quarter.
Interest declined by 62.57 per cent y-o-y to Rs 0.67 crore, while Taxation increased by 11.79 per cent at Rs 8.72 crore (Dec'23 Rs 7.80 crore).