The company reported standalone net profit of Rs 12.46 crore for the quarter ended December 31, 2024 as compared to Rs 14.47 crore in the same period last year, registering a year-on-year decline of 13.89 per cent.
Net revenue of the company rose substantially by 26.22 per cent at Rs 203.37 crore in October-December quarter of this fiscal as against Rs 161.12 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 31.99 per cent to Rs 176.56 crore from Rs 133.77 crore in year ago period.
Other Income grew by 4.96 per cent at Rs 3.60 crore versus (Dec'23 Rs 3.43 crore).
Operating Profit slipped by 1.90 per cent to Rs 26.82 crore as against Rs 27.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.27 per cent in December quarter.
Interest grew by 15.56 per cent y-o-y to Rs 2.97 crore, while Taxation decreased by 14.34 per cent at Rs 4.24 crore (Dec'23 Rs 4.95 crore).