The company reported standalone net profit during the quarter stood at Rs 9.95 crore compared to net loss of Rs 3.17 crore in the previous year quarter.

Net revenue of the company rose moderately by 13.98 per cent at Rs 509.07 crore in January-March quarter of this fiscal as against Rs 446.65 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 14.03 per cent to Rs 448.64 crore from Rs 393.43 crore in year ago period.

Other Income dipped by 5.93 per cent at Rs 6.34 crore versus (Mar'23 Rs 6.74 crore).

Operating Profit surged by 13.57 per cent to Rs 60.44 crore as against Rs 53.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.42 per cent in March quarter.

Interest grew by 60.61 per cent y-o-y to Rs 4.24 crore, while Taxation increased by 209.21 per cent at Rs 4.15 crore (Mar'23 Rs -3.80 crore).