The company reported standalone net profit of Rs 131.50 crore for the quarter ended March 31, 2024 as compared to Rs 159.81 crore in the same period last year, registering a year-on-year decline of 17.71 per cent.

Net revenue of the company rose moderately by 12.36 per cent at Rs 1,558.22 crore in January-March quarter of this fiscal as against Rs 1,386.85 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 17.80 per cent to Rs 1,387.64 crore from Rs 1,177.95 crore in year ago period.

Other Income dipped by 9.12 per cent at Rs 19.04 crore versus (Mar'23 Rs 20.95 crore).

Operating Profit slipped by 16.14 per cent to Rs 175.20 crore as against Rs 208.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.37 per cent in March quarter.

Interest grew by 117.95 per cent y-o-y to Rs 1.70 crore, while Taxation decreased by 19.13 per cent at Rs 45.06 crore (Mar'23 Rs 55.72 crore).