The company reported standalone net profit of Rs 14.24 crore for the quarter ended December 31, 2024 as compared to Rs 24.12 crore in the same period last year, registering a year-on-year decline of 40.96 per cent.
Net revenue of the company rose by 5.32 per cent at Rs 497.82 crore in October-December quarter of this fiscal as against Rs 472.66 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 8.03 per cent to Rs 469.34 crore from Rs 434.44 crore in year ago period.
Other Income grew by 2.70 per cent at Rs 1.90 crore versus (Dec'23 Rs 1.85 crore).
Operating Profit slipped by 25.51 per cent to Rs 28.47 crore as against Rs 38.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.30 per cent in December quarter.
Interest declined by 33.94 per cent y-o-y to Rs 3.25 crore, while Taxation increased by 17.36 per cent at Rs 5.34 crore (Dec'23 Rs 4.55 crore).