The company reported standalone net profit of Rs 115.10 crore for the quarter ended March 31, 2024 as compared to Rs 111.90 crore in the same period last year, registering a year-on-year growth of 2.86 per cent.

Net revenue of the company rose marginally by 2.44 per cent at Rs 611.80 crore in January-March quarter of this fiscal as against Rs 597.20 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 0.14 per cent to Rs 441.50 crore from Rs 442.10 crore in year ago period.

Other Income dipped by 14.20 per cent at Rs 15.10 crore versus (Mar'23 Rs 17.60 crore).

Operating Profit surged by 9.80 per cent to Rs 170.30 crore as against Rs 155.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.20 per cent in March quarter.

Interest grew by 24.00 per cent y-o-y to Rs 6.20 crore, while Taxation increased by 42.91 per cent at Rs 39.30 crore (Mar'23 Rs 27.50 crore).