The company reported standalone net profit of Rs 2.74 crore for the quarter ended December 31, 2022 as compared to Rs 4.76 crore in the same period last year, registering a year-on-year decline of 42.44 per cent.
Net revenue of the company rose moderately by 19.28 per cent at Rs 305.56 crore in October-December quarter of this fiscal as against Rs 256.17 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 19.98 per cent to Rs 292.25 crore from Rs 243.58 crore in year ago period.
Other Income dipped by 75.27 per cent at Rs 0.23 crore versus (Dec'21 Rs 0.93 crore).
Operating Profit surged by 5.80 per cent to Rs 13.32 crore as against Rs 12.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.38 per cent in December quarter.
Interest grew by 49.40 per cent y-o-y to Rs 6.26 crore, while Taxation increased by 1.28 per cent at Rs 1.58 crore (Dec'21 Rs 1.56 crore).