The company reported standalone net profit of Rs 19.80 crore for the quarter ended December 31, 2024 as compared to Rs 39.64 crore in the same period last year, registering a year-on-year decline of 50.05 per cent.
Net revenue of the company declined moderately by 13.73 per cent at Rs 375.83 crore in October-December quarter of this fiscal as against Rs 435.66 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 6.01 per cent to Rs 322.83 crore from Rs 343.47 crore in year ago period.
Other Income grew by 348.96 per cent at Rs 6.00 crore versus (Dec'23 Rs -2.41 crore).
Operating Profit slipped by 42.53 per cent to Rs 52.99 crore as against Rs 92.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 33.36 per cent in December quarter.
Interest declined by 17.90 per cent y-o-y to Rs 6.19 crore, while Taxation decreased by 261.33 per cent at Rs -7.05 crore (Dec'23 Rs 4.37 crore).