The company reported standalone net profit of Rs 5.05 crore for the quarter ended December 31, 2024 as compared to Rs 1.80 crore in the same period last year, registering a year-on-year growth of 180.56 per cent.
Net revenue of the company declined substantially by 36.99 per cent at Rs 152.38 crore in October-December quarter of this fiscal as against Rs 241.83 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 39.90 per cent to Rs 140.45 crore from Rs 233.70 crore in year ago period.
Other Income grew by 3.33 per cent at Rs 0.31 crore versus (Dec'23 Rs 0.30 crore).
Operating Profit surged by 46.44 per cent to Rs 11.92 crore as against Rs 8.14 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 132.05 per cent in December quarter.
Interest grew by 0.94 per cent y-o-y to Rs 2.15 crore, while Taxation increased by 32.33 per cent at Rs 1.76 crore (Dec'23 Rs 1.33 crore).