The company reported standalone net profit of Rs 57.80 crore for the quarter ended December 31, 2024 as compared to Rs 53.10 crore in the same period last year, registering a year-on-year growth of 8.85 per cent.
Net revenue of the company rose moderately by 10.46 per cent at Rs 354.70 crore in October-December quarter of this fiscal as against Rs 321.11 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 12.18 per cent to Rs 252.14 crore from Rs 224.77 crore in year ago period.
Other Income grew by 23.41 per cent at Rs 6.01 crore versus (Dec'23 Rs 4.87 crore).
Operating Profit surged by 6.80 per cent to Rs 102.89 crore as against Rs 96.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.30 per cent in December quarter.
Interest grew by 24.80 per cent y-o-y to Rs 9.16 crore, while Taxation decreased by 0.52 per cent at Rs 17.33 crore (Dec'23 Rs 17.42 crore).