The company reported standalone net profit of Rs 60.23 crore for the quarter ended March 31, 2024 as compared to Rs 32.24 crore in the same period last year, registering a year-on-year growth of 86.82 per cent.

Net revenue of the company rose substantially by 36.26 per cent at Rs 489.96 crore in January-March quarter of this fiscal as against Rs 359.58 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 27.82 per cent to Rs 398.39 crore from Rs 311.68 crore in year ago period.

Other Income grew by 117.15 per cent at Rs 5.95 crore versus (Mar'23 Rs 2.74 crore).

Operating Profit surged by 91.17 per cent to Rs 91.57 crore as against Rs 47.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 40.32 per cent in March quarter.

Interest declined by 50.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 108.87 per cent at Rs 20.49 crore (Mar'23 Rs 9.81 crore).