The company reported standalone net profit of Rs 22.83 crore for the quarter ended December 31, 2024 as compared to Rs 21.76 crore in the same period last year, registering a year-on-year growth of 4.92 per cent.
Net revenue of the company rose moderately by 18.24 per cent at Rs 244.25 crore in October-December quarter of this fiscal as against Rs 206.57 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 18.58 per cent to Rs 207.78 crore from Rs 175.22 crore in year ago period.
Other Income grew by 19.13 per cent at Rs 3.30 crore versus (Dec'23 Rs 2.77 crore).
Operating Profit surged by 16.33 per cent to Rs 36.47 crore as against Rs 31.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.65 per cent in December quarter.
Interest grew by 401.54 per cent y-o-y to Rs 3.26 crore, while Taxation increased by 26.95 per cent at Rs 7.49 crore (Dec'23 Rs 5.90 crore).