The company reported standalone net profit of Rs 314.48 crore for the quarter ended March 31, 2024 as compared to Rs 310.56 crore in the same period last year, registering a year-on-year growth of 1.26 per cent.

Net revenue of the company rose moderately by 15.77 per cent at Rs 3,007.88 crore in January-March quarter of this fiscal as against Rs 2,598.20 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 18.85 per cent to Rs 2,516.88 crore from Rs 2,117.68 crore in year ago period.

Other Income grew by 58.72 per cent at Rs 18.11 crore versus (Mar'23 Rs 11.41 crore).

Operating Profit surged by 2.18 per cent to Rs 491.00 crore as against Rs 480.52 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.74 per cent in March quarter.

Interest grew by 91.09 per cent y-o-y to Rs 7.72 crore, while Taxation increased by 4.29 per cent at Rs 109.74 crore (Mar'23 Rs 105.23 crore).