The company reported standalone net profit of Rs 120.42 crore for the quarter ended December 31, 2024 as compared to Rs 234.60 crore in the same period last year, registering a year-on-year decline of 48.67 per cent.
Net revenue of the company declined marginally by 3.42 per cent at Rs 1,486.39 crore in October-December quarter of this fiscal as against Rs 1,538.99 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 0.33 per cent to Rs 1,296.49 crore from Rs 1,292.19 crore in year ago period.
Other Income dipped by 25.30 per cent at Rs 17.51 crore versus (Dec'23 Rs 23.44 crore).
Operating Profit slipped by 23.06 per cent to Rs 189.90 crore as against Rs 246.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.32 per cent in December quarter.
Interest declined by 0.93 per cent y-o-y to Rs 14.86 crore, while Taxation increased by 0.00 per cent at Rs 49.20 crore (Dec'23 Rs 0.00 crore).