The company reported standalone net profit of Rs 80.28 crore for the quarter ended March 31, 2024 as compared to Rs 109.71 crore in the same period last year, registering a year-on-year decline of 26.83 per cent.

Net revenue of the company rose by 5.68 per cent at Rs 396.44 crore in January-March quarter of this fiscal as against Rs 375.13 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.33 per cent to Rs 321.70 crore from Rs 294.26 crore in year ago period.

Other Income dipped by 42.68 per cent at Rs 39.44 crore versus (Mar'23 Rs 68.81 crore).

Operating Profit slipped by 7.58 per cent to Rs 74.74 crore as against Rs 80.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.57 per cent in March quarter.

Interest declined by 55.34 per cent y-o-y to Rs 0.46 crore, while Taxation increased by 6.73 per cent at Rs 23.80 crore (Mar'23 Rs 22.30 crore).