The company reported standalone net profit of Rs 294.98 crore for the quarter ended December 31, 2023 as compared to Rs 63.29 crore in the same period last year, registering a year-on-year growth of 366.08 per cent.
Net revenue of the company rose two fold by 293.06 per cent at Rs 363.93 crore in October-December quarter of this fiscal as against Rs 92.59 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 34.90 per cent to Rs 7.73 crore from Rs 5.73 crore in year ago period.
Other Income grew by 53.09 per cent at Rs 1.24 crore versus (Dec'22 Rs 0.81 crore).
Operating Profit surged by 310.09 per cent to Rs 356.20 crore as against Rs 86.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.34 per cent in December quarter.
Interest declined by 22.20 per cent y-o-y to Rs 8.69 crore, while Taxation increased by 313.82 per cent at Rs 53.30 crore (Dec'22 Rs 12.88 crore).