The company reported standalone net profit of Rs 71.14 crore for the quarter ended March 31, 2024 as compared to Rs 63.07 crore in the same period last year, registering a year-on-year growth of 12.80 per cent.

Net revenue of the company rose by 0.76 per cent at Rs 515.10 crore in January-March quarter of this fiscal as against Rs 511.24 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 2.24 per cent to Rs 418.15 crore from Rs 427.74 crore in year ago period.

Other Income dipped by 27.62 per cent at Rs 8.44 crore versus (Mar'23 Rs 11.66 crore).

Operating Profit surged by 16.11 per cent to Rs 96.95 crore as against Rs 83.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.25 per cent in March quarter.

Interest declined by 39.89 per cent y-o-y to Rs 2.20 crore, while Taxation decreased by 2.83 per cent at Rs 21.29 crore (Mar'23 Rs 21.91 crore).