The company reported standalone net profit of Rs 22.49 crore for the quarter ended December 31, 2024 as compared to Rs 27.29 crore in the same period last year, registering a year-on-year decline of 17.59 per cent.
Net revenue of the company rose moderately by 17.74 per cent at Rs 270.99 crore in October-December quarter of this fiscal as against Rs 230.16 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 21.34 per cent to Rs 236.74 crore from Rs 195.10 crore in year ago period.
Other Income grew by 11.48 per cent at Rs 9.61 crore versus (Dec'23 Rs 8.62 crore).
Operating Profit slipped by 2.31 per cent to Rs 34.25 crore as against Rs 35.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.01 per cent in December quarter.
Interest grew by 74.74 per cent y-o-y to Rs 4.98 crore, while Taxation increased by 4.55 per cent at Rs 8.74 crore (Dec'23 Rs 8.36 crore).