The company reported standalone net profit during the quarter stood at Rs 272.98 crore compared to net loss of Rs 13.08 crore in the previous year quarter.

Net revenue of the company rose moderately by 7.05 per cent at Rs 1,845.60 crore in January-March quarter of this fiscal as against Rs 1,724.01 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 3.36 per cent to Rs 1,604.79 crore from Rs 1,660.56 crore in year ago period.

Other Income grew by 635.89 per cent at Rs 156.23 crore versus (Mar'23 Rs 21.23 crore).

Operating Profit surged by 279.53 per cent to Rs 240.81 crore as against Rs 63.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 254.62 per cent in March quarter.

Interest declined by 32.61 per cent y-o-y to Rs 17.61 crore, while Taxation increased by 77.60 per cent at Rs 83.65 crore (Mar'23 Rs 47.10 crore).