Mumbai, Feb. 10 -- During the quarter, profit before tax stood at Rs 422.16 crore, up 27.65% from Rs 330.72 crore posted in Q3 FY24.

Total expenses grew 11.94% YoY to Rs 2,882.18 crore in the December 2024 quarter. The cost of materials consumed stood at Rs 1,865.88 crore (up 2.67% YoY), and employee benefits expenses were at Rs 191.22 crore (up 5.51% YoY) during the period under review.

Operating margins for the quarter were adversely impacted due to the Fuel and Power Purchase Cost Adjustment (FPPCA) recovery approved by the Andhra Pradesh Electricity Regulatory Commission. The FPPCA charges, which account for fluctuations in fuel and power procurement costs by distribution companies, led to higher electricity expenses, thereby increa...