The company reported standalone net profit of Rs 43.50 crore for the quarter ended March 31, 2024 as compared to Rs 6.35 crore in the same period last year, registering a year-on-year growth of 585.04 per cent.

Net revenue of the company rose substantially by 42.41 per cent at Rs 284.59 crore in January-March quarter of this fiscal as against Rs 199.84 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 18.41 per cent to Rs 217.36 crore from Rs 183.57 crore in year ago period.

Other Income grew by 165.22 per cent at Rs 0.61 crore versus (Mar'23 Rs 0.23 crore).

Operating Profit surged by 313.21 per cent to Rs 67.23 crore as against Rs 16.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 190.17 per cent in March quarter.

Interest grew by 61.69 per cent y-o-y to Rs 4.22 crore, while Taxation increased by 350.70 per cent at Rs 16.09 crore (Mar'23 Rs 3.57 crore).