The company reported standalone net profit of Rs 96.57 crore for the quarter ended December 31, 2022 as compared to Rs 167.34 crore in the same period last year, registering a year-on-year decline of 42.29 per cent.
Net revenue of the company rose moderately by 17.91 per cent at Rs 2,287.96 crore in October-December quarter of this fiscal as against Rs 1,940.40 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 29.02 per cent to Rs 2,025.17 crore from Rs 1,569.63 crore in year ago period.
Other Income dipped by 17.29 per cent at Rs 21.82 crore versus (Dec'21 Rs 26.38 crore).
Operating Profit slipped by 29.12 per cent to Rs 262.80 crore as against Rs 370.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 39.87 per cent in December quarter.
Interest grew by 0.66 per cent y-o-y to Rs 65.76 crore, while Taxation decreased by 65.44 per cent at Rs 32.01 crore (Dec'21 Rs 92.62 crore).