The company reported standalone net profit of Rs 108.16 crore for the quarter ended December 31, 2022 as compared to Rs 103.82 crore in the same period last year, registering a year-on-year growth of 4.18 per cent.
Net revenue of the company rose moderately by 12.64 per cent at Rs 280.49 crore in October-December quarter of this fiscal as against Rs 249.01 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 4.49 per cent to Rs 122.07 crore from Rs 116.83 crore in year ago period.
Other Income dipped by 30.77 per cent at Rs 0.09 crore versus (Dec'21 Rs 0.13 crore).
Operating Profit surged by 19.85 per cent to Rs 158.42 crore as against Rs 132.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.41 per cent in December quarter.
Interest declined by 3.92 per cent y-o-y to Rs 2.45 crore, while Taxation increased by 122.38 per cent at Rs 38.16 crore (Dec'21 Rs 17.16 crore).