The company reported standalone net profit of Rs 50.44 crore for the quarter ended December 31, 2024 as compared to Rs 35.89 crore in the same period last year, registering a year-on-year growth of 40.54 per cent.
Net revenue of the company rose marginally by 4.48 per cent at Rs 892.00 crore in October-December quarter of this fiscal as against Rs 853.78 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 3.23 per cent to Rs 781.32 crore from Rs 756.88 crore in year ago period.
Other Income grew by 118.25 per cent at Rs 2.75 crore versus (Dec'23 Rs 1.26 crore).
Operating Profit surged by 14.22 per cent to Rs 110.68 crore as against Rs 96.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.34 per cent in December quarter.
Interest declined by 16.89 per cent y-o-y to Rs 21.51 crore, while Taxation increased by 44.21 per cent at Rs 15.43 crore (Dec'23 Rs 10.70 crore).