The company reported standalone net profit of Rs 3.33 crore for the quarter ended December 31, 2024 as compared to Rs 3.85 crore in the same period last year, registering a year-on-year decline of 13.51 per cent.

Net revenue of the company rose substantially by 23.46 per cent at Rs 218.51 crore in October-December quarter of this fiscal as against Rs 176.99 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 23.70 per cent to Rs 209.59 crore from Rs 169.44 crore in year ago period.

Other Income grew by 30.70 per cent at Rs 4.13 crore versus (Dec'23 Rs 3.16 crore).

Operating Profit surged by 18.15 per cent to Rs 8.92 crore as against Rs 7.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.23 per cent in December quarter.

Interest grew by 24.35 per cent y-o-y to Rs 4.29 crore, while Taxation increased by 74.39 per cent at Rs 1.43 crore (Dec'23 Rs 0.82 crore).