The company reported standalone net profit of Rs 27.68 crore for the quarter ended March 31, 2024 as compared to Rs 43.65 crore in the same period last year, registering a year-on-year decline of 36.59 per cent.

Net revenue of the company rose substantially by 27.93 per cent at Rs 461.19 crore in January-March quarter of this fiscal as against Rs 360.50 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 33.78 per cent to Rs 394.79 crore from Rs 295.11 crore in year ago period.

Other Income dipped by 48.96 per cent at Rs 10.08 crore versus (Mar'23 Rs 19.75 crore).

Operating Profit surged by 1.54 per cent to Rs 66.40 crore as against Rs 65.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.62 per cent in March quarter.

Interest grew by 17.41 per cent y-o-y to Rs 13.62 crore, while Taxation decreased by 11.08 per cent at Rs 11.24 crore (Mar'23 Rs 12.64 crore).