The company reported standalone net profit of Rs 41.35 crore for the quarter ended March 31, 2024 as compared to Rs 14.07 crore in the same period last year, registering a year-on-year growth of 193.89 per cent.

Net revenue of the company declined marginally by 2.05 per cent at Rs 321.18 crore in January-March quarter of this fiscal as against Rs 327.90 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 11.67 per cent to Rs 270.12 crore from Rs 305.82 crore in year ago period.

Other Income grew by 16.73 per cent at Rs 9.14 crore versus (Mar'23 Rs 7.83 crore).

Operating Profit surged by 131.30 per cent to Rs 51.07 crore as against Rs 22.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 136.26 per cent in March quarter.

Interest declined by 44.44 per cent y-o-y to Rs 0.05 crore, while Taxation increased by 23.67 per cent at Rs 16.46 crore (Mar'23 Rs 13.31 crore).