The company reported standalone net profit of Rs 61.15 crore for the quarter ended December 31, 2024 as compared to Rs 204.30 crore in the same period last year, registering a year-on-year decline of 70.07 per cent.
Net revenue of the company declined moderately by 8.09 per cent at Rs 1,389.63 crore in October-December quarter of this fiscal as against Rs 1,511.96 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 3.85 per cent to Rs 1,249.65 crore from Rs 1,203.31 crore in year ago period.
Other Income dipped by 34.24 per cent at Rs 21.89 crore versus (Dec'23 Rs 33.29 crore).
Operating Profit slipped by 54.65 per cent to Rs 139.98 crore as against Rs 308.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 50.66 per cent in December quarter.
Interest declined by 76.54 per cent y-o-y to Rs 16.96 crore, while Taxation increased by 343.96 per cent at Rs 21.31 crore (Dec'23 Rs 4.80 crore).