The company reported standalone net profit of Rs 9.48 crore for the quarter ended December 31, 2024 as compared to Rs 21.86 crore in the same period last year, registering a year-on-year decline of 56.63 per cent.
Net revenue of the company rose moderately by 6.82 per cent at Rs 631.72 crore in October-December quarter of this fiscal as against Rs 591.40 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 10.21 per cent to Rs 607.89 crore from Rs 551.59 crore in year ago period.
Other Income dipped by 9.07 per cent at Rs 4.71 crore versus (Dec'23 Rs 5.18 crore).
Operating Profit slipped by 40.14 per cent to Rs 23.83 crore as against Rs 39.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 43.98 per cent in December quarter.
Interest grew by 45.63 per cent y-o-y to Rs 1.50 crore, while Taxation decreased by 54.06 per cent at Rs 3.79 crore (Dec'23 Rs 8.25 crore).