The company reported standalone net profit of Rs 21.02 crore for the quarter ended December 31, 2024 as compared to Rs 1.15 crore in the same period last year, registering a year-on-year growth of 1727.83 per cent.

Net revenue of the company rose marginally by 1.46 per cent at Rs 411.94 crore in October-December quarter of this fiscal as against Rs 406.00 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 3.66 per cent to Rs 383.61 crore from Rs 398.19 crore in year ago period.

Other Income grew by 321.05 per cent at Rs 1.60 crore versus (Dec'23 Rs 0.38 crore).

Operating Profit surged by 262.74 per cent to Rs 28.33 crore as against Rs 7.81 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 258.33 per cent in December quarter.

Interest declined by 36.73 per cent y-o-y to Rs 0.62 crore, while Taxation increased by 1582.50 per cent at Rs 6.73 crore (Dec'23 Rs 0.40 crore).