The company reported standalone net profit of Rs 32.58 crore for the quarter ended December 31, 2024 as compared to Rs 18.92 crore in the same period last year, registering a year-on-year growth of 72.20 per cent.

Net revenue of the company rose marginally by 2.59 per cent at Rs 334.44 crore in October-December quarter of this fiscal as against Rs 325.99 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 7.53 per cent to Rs 305.42 crore from Rs 284.03 crore in year ago period.

Other Income grew by 243.68 per cent at Rs 2.99 crore versus (Dec'23 Rs 0.87 crore).

Operating Profit slipped by 30.84 per cent to Rs 29.02 crore as against Rs 41.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.56 per cent in December quarter.

Interest declined by 52.17 per cent y-o-y to Rs 1.43 crore, while Taxation decreased by 6.61 per cent at Rs 10.73 crore (Dec'23 Rs 11.49 crore).