The company reported standalone net profit of Rs 411.66 crore for the quarter ended March 31, 2024 as compared to Rs 358.66 crore in the same period last year, registering a year-on-year growth of 14.78 per cent.

Net revenue of the company rose by 5.46 per cent at Rs 20,488.11 crore in January-March quarter of this fiscal as against Rs 19,426.57 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 27.55 per cent to Rs 27,728.78 crore from Rs 21,738.71 crore in year ago period.

Other Income dipped by 52.80 per cent at Rs 156.18 crore versus (Mar'23 Rs 330.87 crore).

Operating Profit surged by 168.58 per cent to Rs 263.32 crore as against Rs -383.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 165.15 per cent in March quarter.

Taxation decreased by 76.73 per cent at Rs 37.76 crore (Mar'23 Rs 162.30 crore).