The company reported standalone net profit of Rs 662.37 crore for the quarter ended March 31, 2024 as compared to Rs 596.47 crore in the same period last year, registering a year-on-year growth of 11.05 per cent.

Net revenue of the company rose moderately by 15.56 per cent at Rs 4,347.72 crore in January-March quarter of this fiscal as against Rs 3,762.16 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.61 per cent to Rs 2,810.96 crore from Rs 2,564.58 crore in year ago period.

Other Income dipped by 17.85 per cent at Rs 126.85 crore versus (Mar'23 Rs 154.41 crore).

Operating Profit surged by 28.32 per cent to Rs 1,536.76 crore as against Rs 1,197.58 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.06 per cent in March quarter.

Interest grew by 42.69 per cent y-o-y to Rs 723.82 crore, while Taxation increased by 11.12 per cent at Rs 225.79 crore (Mar'23 Rs 203.20 crore).