The company reported standalone net profit of Rs 479.24 crore for the quarter ended March 31, 2024 as compared to Rs 543.06 crore in the same period last year, registering a year-on-year decline of 11.75 per cent.

Net revenue of the company rose moderately by 9.01 per cent at Rs 1,212.55 crore in January-March quarter of this fiscal as against Rs 1,112.30 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 10.16 per cent to Rs 594.52 crore from Rs 539.71 crore in year ago period.

Other Income dipped by 66.19 per cent at Rs 47.32 crore versus (Mar'23 Rs 139.94 crore).

Operating Profit surged by 7.93 per cent to Rs 618.03 crore as against Rs 572.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.99 per cent in March quarter.

Interest declined by 58.33 per cent y-o-y to Rs 0.30 crore, while Taxation increased by 10.80 per cent at Rs 170.98 crore (Mar'23 Rs 154.31 crore).