The company reported standalone net profit of Rs 43.10 crore for the quarter ended March 31, 2024 as compared to Rs 40.00 crore in the same period last year, registering a year-on-year growth of 7.75 per cent.

Net revenue of the company rose moderately by 11.15 per cent at Rs 544.20 crore in January-March quarter of this fiscal as against Rs 489.60 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 11.77 per cent to Rs 483.30 crore from Rs 432.40 crore in year ago period.

Other Income grew by 12.90 per cent at Rs 10.50 crore versus (Mar'23 Rs 9.30 crore).

Operating Profit surged by 6.47 per cent to Rs 60.90 crore as against Rs 57.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.20 per cent in March quarter.

Interest grew by 12.50 per cent y-o-y to Rs 0.90 crore, while Taxation increased by 3.57 per cent at Rs 14.50 crore (Mar'23 Rs 14.00 crore).