The company reported standalone net profit of Rs 12.85 crore for the quarter ended December 31, 2024 as compared to Rs 14.41 crore in the same period last year, registering a year-on-year decline of 10.83 per cent.
Net revenue of the company rose by 5.07 per cent at Rs 131.27 crore in October-December quarter of this fiscal as against Rs 124.93 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 8.34 per cent to Rs 113.37 crore from Rs 104.64 crore in year ago period.
Other Income grew by 4.09 per cent at Rs 2.29 crore versus (Dec'23 Rs 2.20 crore).
Operating Profit slipped by 11.82 per cent to Rs 17.90 crore as against Rs 20.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.06 per cent in December quarter.
Interest grew by 75.00 per cent y-o-y to Rs 0.21 crore, while Taxation decreased by 17.94 per cent at Rs 4.94 crore (Dec'23 Rs 6.02 crore).