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Total Income for the quarter ended December 31, 2024, was ₹3,293.52 crore, compared to ₹2,773.34 crore in the same period last year, marking a revenue growth of 18.8%. The growth is primarily driven by increased revenue from investments and higher sales from services.
Net profit after tax for the quarter stood at ₹1,723.46 crore, a 24.9% increase year-over-year from ₹1,113.31 crore. This translates to Earnings Per Share (EPS) of ₹4.76, up from ₹4.61 last year. Profitability improvements stem from better operational efficiency and cost management amid rising operational expenses, which decreased by approximately 2% from the previous quarter to ₹1,004.78 crore.
The balance sheet remains robust, with total assets of ₹6,08,797.35 crore, and a healthy cash flow position indicates effective capital management. The total comprehensive income for the period was ₹20,285.32 crore, reflecting a positive outlook supported by stable income from associates.
Investors may consider a 'hold' position as the overall financial performance is solid, with growth in profitability and revenues; however, keeping an eye on operational costs and their management will be crucial for future performance.