The company reported standalone net profit of Rs 72.07 crore for the quarter ended December 31, 2022 as compared to Rs 177.77 crore in the same period last year, registering a year-on-year decline of 59.46 per cent.
Net revenue of the company rose moderately by 11.89 per cent at Rs 1,124.76 crore in October-December quarter of this fiscal as against Rs 1,005.25 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 35.31 per cent to Rs 1,032.89 crore from Rs 763.36 crore in year ago period.
Other Income grew by 43.62 per cent at Rs 27.82 crore versus (Dec'21 Rs 19.37 crore).
Operating Profit slipped by 62.02 per cent to Rs 91.87 crore as against Rs 241.89 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 66.04 per cent in December quarter.
Interest grew by 503.53 per cent y-o-y to Rs 5.13 crore, while Taxation decreased by 67.47 per cent at Rs 19.99 crore (Dec'21 Rs 61.46 crore).