The company reported standalone net profit of Rs 20.19 crore for the quarter ended December 31, 2024 as compared to Rs 37.02 crore in the same period last year, registering a year-on-year decline of 45.46 per cent.
Net revenue of the company declined marginally by 4.91 per cent at Rs 259.88 crore in October-December quarter of this fiscal as against Rs 273.31 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 5.46 per cent to Rs 208.62 crore from Rs 220.66 crore in year ago period.
Other Income dipped by 15.75 per cent at Rs 3.85 crore versus (Dec'23 Rs 4.57 crore).
Operating Profit slipped by 2.66 per cent to Rs 51.26 crore as against Rs 52.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.34 per cent in December quarter.
Interest declined by 56.76 per cent y-o-y to Rs 0.16 crore, while Taxation decreased by 50.50 per cent at Rs 6.44 crore (Dec'23 Rs 13.01 crore).