The company reported standalone net profit of Rs 196.93 crore for the quarter ended March 31, 2024 as compared to Rs 201.52 crore in the same period last year, registering a year-on-year decline of 2.28 per cent.

Net revenue of the company rose moderately by 8.12 per cent at Rs 905.94 crore in January-March quarter of this fiscal as against Rs 837.92 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.60 per cent to Rs 644.66 crore from Rs 588.19 crore in year ago period.

Other Income grew by 31.10 per cent at Rs 33.68 crore versus (Mar'23 Rs 25.69 crore).

Operating Profit surged by 4.62 per cent to Rs 261.28 crore as against Rs 249.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.22 per cent in March quarter.

Interest grew by 20.63 per cent y-o-y to Rs 4.97 crore, while Taxation increased by 34.44 per cent at Rs 65.47 crore (Mar'23 Rs 48.70 crore).