The company reported standalone net profit of Rs 136.71 crore for the quarter ended March 31, 2024 as compared to Rs 149.16 crore in the same period last year, registering a year-on-year decline of 8.35 per cent.

Net revenue of the company rose substantially by 34.96 per cent at Rs 2,011.08 crore in January-March quarter of this fiscal as against Rs 1,490.15 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 26.51 per cent to Rs 1,732.57 crore from Rs 1,369.52 crore in year ago period.

Other Income dipped by 61.58 per cent at Rs 14.60 crore versus (Mar'23 Rs 38.00 crore).

Operating Profit surged by 130.88 per cent to Rs 278.51 crore as against Rs 120.63 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 70.99 per cent in March quarter.

Interest declined by 20.52 per cent y-o-y to Rs 14.29 crore, while Taxation decreased by 45.98 per cent at Rs 74.06 crore (Mar'23 Rs 137.11 crore).