The company reported standalone net profit of Rs 14.41 crore for the quarter ended September 30, 2023 as compared to Rs 40.82 crore in the same period last year, registering a year-on-year decline of 64.70 per cent.

Net revenue of the company rose substantially by 20.33 per cent at Rs 1,602.08 crore in July-September quarter of this fiscal as against Rs 1,331.43 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 22.92 per cent to Rs 1,586.75 crore from Rs 1,290.84 crore in year ago period.

Other Income grew by 97.78 per cent at Rs 0.89 crore versus (Sep'22 Rs 0.45 crore).

Operating Profit slipped by 62.25 per cent to Rs 15.32 crore as against Rs 40.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 68.52 per cent in September quarter.

Taxation increased by 0.00 per cent at Rs 1.63 crore (Sep'22 Rs 0.00 crore).