The company reported standalone net profit of Rs 14.28 crore for the quarter ended December 31, 2021 as compared to Rs 41.91 crore in the same period last year, registering a year-on-year decline of 65.93 per cent.

Net revenue of the company declined marginally by 4.45 per cent at Rs 248.19 crore in October-December quarter of this fiscal as against Rs 259.75 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 14.40 per cent to Rs 209.00 crore from Rs 182.69 crore in year ago period.

Other Income grew by 27.77 per cent at Rs 7.27 crore versus (Dec'20 Rs 5.69 crore).

Operating Profit slipped by 49.14 per cent to Rs 39.19 crore as against Rs 77.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 46.78 per cent in December quarter.

Interest grew by 99.50 per cent y-o-y to Rs 12.07 crore, while Taxation decreased by 71.49 per cent at Rs 5.87 crore (Dec'20 Rs 20.59 crore).