The company reported standalone net profit of Rs 61.95 crore for the quarter ended March 31, 2024 as compared to Rs 12.15 crore in the same period last year, registering a year-on-year growth of 409.88 per cent.

Net revenue of the company rose substantially by 36.51 per cent at Rs 156.18 crore in January-March quarter of this fiscal as against Rs 114.41 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 24.38 per cent to Rs 82.96 crore from Rs 109.71 crore in year ago period.

Other Income grew by 3.76 per cent at Rs 22.38 crore versus (Mar'23 Rs 21.57 crore).

Operating Profit surged by 1457.87 per cent to Rs 73.22 crore as against Rs 4.70 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1040.63 per cent in March quarter.

Interest declined by 16.67 per cent y-o-y to Rs 0.05 crore, while Taxation increased by 137.43 per cent at Rs 20.30 crore (Mar'23 Rs 8.55 crore).