The company reported standalone net profit of Rs 68.05 crore for the quarter ended March 31, 2024 as compared to Rs 55.55 crore in the same period last year, registering a year-on-year growth of 22.50 per cent.

Net revenue of the company rose substantially by 21.89 per cent at Rs 328.10 crore in January-March quarter of this fiscal as against Rs 269.17 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 36.24 per cent to Rs 75.86 crore from Rs 55.68 crore in year ago period.

Other Income grew by 32.41 per cent at Rs 1.43 crore versus (Mar'23 Rs 1.08 crore).

Operating Profit surged by 18.15 per cent to Rs 252.24 crore as against Rs 213.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.06 per cent in March quarter.

Interest grew by 12.56 per cent y-o-y to Rs 161.52 crore, while Taxation increased by 55.05 per cent at Rs 23.04 crore (Mar'23 Rs 14.86 crore).