The company reported standalone net profit of Rs 16.48 crore for the quarter ended December 31, 2024 as compared to Rs 7.21 crore in the same period last year, registering a year-on-year growth of 128.57 per cent.
Net revenue of the company rose by 5.90 per cent at Rs 167.88 crore in October-December quarter of this fiscal as against Rs 158.52 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 1.99 per cent to Rs 142.06 crore from Rs 144.95 crore in year ago period.
Other Income grew by 46.30 per cent at Rs 1.58 crore versus (Dec'23 Rs 1.08 crore).
Operating Profit surged by 90.20 per cent to Rs 25.81 crore as against Rs 13.57 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 79.67 per cent in December quarter.
Interest grew by 14.13 per cent y-o-y to Rs 1.05 crore, while Taxation increased by 123.39 per cent at Rs 5.54 crore (Dec'23 Rs 2.48 crore).