The company reported standalone net profit of Rs 7.24 crore for the quarter ended March 31, 2024 as compared to Rs 36.14 crore in the same period last year, registering a year-on-year decline of 79.97 per cent.

Net revenue of the company rose moderately by 14.05 per cent at Rs 118.48 crore in January-March quarter of this fiscal as against Rs 103.88 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.88 per cent to Rs 67.70 crore from Rs 61.61 crore in year ago period.

Other Income grew by 212.15 per cent at Rs 11.05 crore versus (Mar'23 Rs 3.54 crore).

Operating Profit surged by 20.13 per cent to Rs 50.78 crore as against Rs 42.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.33 per cent in March quarter.

Interest declined by 43.75 per cent y-o-y to Rs 0.27 crore, while Taxation decreased by 6.67 per cent at Rs 11.76 crore (Mar'23 Rs 12.60 crore).