The company reported standalone net profit of Rs 254.41 crore for the quarter ended September 30, 2024 as compared to Rs 370.92 crore in the same period last year, registering a year-on-year decline of 31.41 per cent.

Net revenue of the company declined substantially by 27.69 per cent at Rs 307.06 crore in July-September quarter of this fiscal as against Rs 424.64 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 48.98 per cent to Rs 4.74 crore from Rs 9.29 crore in year ago period.

Other Income grew by 31.67 per cent at Rs 2.37 crore versus (Sep'23 Rs 1.80 crore).

Operating Profit slipped by 27.21 per cent to Rs 302.32 crore as against Rs 415.35 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.66 per cent in September quarter.

Interest grew by 7.89 per cent y-o-y to Rs 49.89 crore, while Taxation increased by 0.00 per cent at Rs 0.40 crore (Sep'23 Rs 0.00 crore).