The company reported standalone net profit of Rs 25.43 crore for the quarter ended March 31, 2024 as compared to Rs 15.75 crore in the same period last year, registering a year-on-year growth of 61.46 per cent.

Net revenue of the company rose substantially by 40.03 per cent at Rs 206.21 crore in January-March quarter of this fiscal as against Rs 147.26 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 40.32 per cent to Rs 174.59 crore from Rs 124.42 crore in year ago period.

Other Income grew by 249.06 per cent at Rs 9.25 crore versus (Mar'23 Rs 2.65 crore).

Operating Profit surged by 38.44 per cent to Rs 31.62 crore as against Rs 22.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.16 per cent in March quarter.

Interest grew by 143.02 per cent y-o-y to Rs 4.35 crore, while Taxation increased by 34.24 per cent at Rs 8.90 crore (Mar'23 Rs 6.63 crore).