The company reported standalone net profit of Rs 35.18 crore for the quarter ended March 31, 2024 as compared to Rs 34.96 crore in the same period last year, registering a year-on-year growth of 0.63 per cent.

Net revenue of the company declined marginally by 2.45 per cent at Rs 350.96 crore in January-March quarter of this fiscal as against Rs 359.79 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 2.87 per cent to Rs 302.85 crore from Rs 311.81 crore in year ago period.

Other Income dipped by 14.86 per cent at Rs 3.15 crore versus (Mar'23 Rs 3.70 crore).

Operating Profit surged by 0.27 per cent to Rs 48.11 crore as against Rs 47.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.77 per cent in March quarter.

Interest grew by 50.00 per cent y-o-y to Rs 0.06 crore, while Taxation decreased by 0.91 per cent at Rs 12.01 crore (Mar'23 Rs 12.12 crore).