The company reported standalone net profit of Rs 12.73 crore for the quarter ended December 31, 2024 as compared to Rs 31.43 crore in the same period last year, registering a year-on-year decline of 59.50 per cent.
Net revenue of the company rose substantially by 24.54 per cent at Rs 417.91 crore in October-December quarter of this fiscal as against Rs 335.56 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 35.29 per cent to Rs 389.31 crore from Rs 287.77 crore in year ago period.
Other Income grew by 469.96 per cent at Rs 13.85 crore versus (Dec'23 Rs 2.43 crore).
Operating Profit slipped by 40.15 per cent to Rs 28.60 crore as against Rs 47.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 51.97 per cent in December quarter.
Interest grew by 638.74 per cent y-o-y to Rs 16.40 crore, while Taxation decreased by 146.77 per cent at Rs -3.47 crore (Dec'23 Rs 7.42 crore).