The company reported standalone net profit of Rs 8.35 crore for the quarter ended December 31, 2024 as compared to Rs 5.79 crore in the same period last year, registering a year-on-year growth of 44.21 per cent.
Net revenue of the company rose substantially by 25.19 per cent at Rs 613.65 crore in October-December quarter of this fiscal as against Rs 490.18 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 25.77 per cent to Rs 610.27 crore from Rs 485.22 crore in year ago period.
Other Income grew by 202.66 per cent at Rs 7.96 crore versus (Dec'23 Rs 2.63 crore).
Operating Profit slipped by 11.35 per cent to Rs 6.95 crore as against Rs 7.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.38 per cent in December quarter.
Interest grew by 43.39 per cent y-o-y to Rs 3.47 crore, while Taxation increased by 45.31 per cent at Rs 2.79 crore (Dec'23 Rs 1.92 crore).