The company reported standalone net profit of Rs 5.61 crore for the quarter ended December 31, 2024 as compared to Rs 4.63 crore in the same period last year, registering a year-on-year growth of 21.17 per cent.
Net revenue of the company rose substantially by 33.18 per cent at Rs 341.12 crore in October-December quarter of this fiscal as against Rs 256.13 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 33.28 per cent to Rs 328.20 crore from Rs 246.24 crore in year ago period.
Other Income grew by 75.00 per cent at Rs 0.07 crore versus (Dec'23 Rs 0.04 crore).
Operating Profit surged by 30.64 per cent to Rs 12.92 crore as against Rs 9.89 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.81 per cent in December quarter.
Interest grew by 62.66 per cent y-o-y to Rs 5.01 crore, while Taxation decreased by 14.97 per cent at Rs 1.59 crore (Dec'23 Rs 1.87 crore).