The company reported standalone net profit of Rs 142.62 crore for the quarter ended March 31, 2024 as compared to Rs 126.75 crore in the same period last year, registering a year-on-year growth of 12.52 per cent.

Net revenue of the company rose substantially by 21.47 per cent at Rs 546.02 crore in January-March quarter of this fiscal as against Rs 449.50 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 17.53 per cent to Rs 138.65 crore from Rs 117.97 crore in year ago period.

Other Income grew by 9.86 per cent at Rs 0.78 crore versus (Mar'23 Rs 0.71 crore).

Operating Profit surged by 22.88 per cent to Rs 407.37 crore as against Rs 331.53 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.17 per cent in March quarter.

Interest grew by 34.28 per cent y-o-y to Rs 221.56 crore, while Taxation increased by 9.65 per cent at Rs 34.88 crore (Mar'23 Rs 31.81 crore).