The company reported standalone net profit of Rs 189.68 crore for the quarter ended December 31, 2024 as compared to Rs 292.40 crore in the same period last year, registering a year-on-year decline of 35.13 per cent.

Net revenue of the company declined substantially by 20.11 per cent at Rs 285.60 crore in October-December quarter of this fiscal as against Rs 357.50 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 44.17 per cent to Rs 5.19 crore from Rs 3.60 crore in year ago period.

Other Income grew by 1110.00 per cent at Rs 4.84 crore versus (Dec'23 Rs 0.40 crore).

Operating Profit slipped by 20.77 per cent to Rs 280.41 crore as against Rs 353.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.82 per cent in December quarter.

Interest grew by 52.54 per cent y-o-y to Rs 94.12 crore, while Taxation increased by 625.00 per cent at Rs 1.45 crore (Dec'23 Rs 0.20 crore).