The company reported standalone net profit of Rs 103.68 crore for the quarter ended December 31, 2024 as compared to Rs 8.36 crore in the same period last year, registering a year-on-year growth of 1140.19 per cent.
Net revenue of the company declined substantially by 67.90 per cent at Rs 6.85 crore in October-December quarter of this fiscal as against Rs 21.34 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 67.56 per cent to Rs 44.89 crore from Rs 26.79 crore in year ago period.
Other Income grew by 803.75 per cent at Rs 161.41 crore versus (Dec'23 Rs 17.86 crore).
Operating Profit surged by 597.98 per cent to Rs -38.04 crore as against Rs -5.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2071.99 per cent in December quarter.
Interest declined by 18.18 per cent y-o-y to Rs 0.09 crore, while Taxation increased by 583.82 per cent at Rs 16.48 crore (Dec'23 Rs 2.41 crore).