The company reported standalone net profit of Rs 329.30 crore for the quarter ended March 31, 2024 as compared to Rs 292.00 crore in the same period last year, registering a year-on-year growth of 12.77 per cent.

Net revenue of the company rose substantially by 25.18 per cent at Rs 2,351.20 crore in January-March quarter of this fiscal as against Rs 1,878.20 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 27.61 per cent to Rs 1,861.00 crore from Rs 1,458.30 crore in year ago period.

Other Income grew by 2.48 per cent at Rs 49.60 crore versus (Mar'23 Rs 48.40 crore).

Operating Profit surged by 16.74 per cent to Rs 490.20 crore as against Rs 419.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.75 per cent in March quarter.

Interest grew by 34.74 per cent y-o-y to Rs 12.80 crore, while Taxation increased by 11.23 per cent at Rs 129.70 crore (Mar'23 Rs 116.60 crore).