The company reported standalone net profit of Rs 31.73 crore for the quarter ended March 31, 2024 as compared to Rs 24.42 crore in the same period last year, registering a year-on-year growth of 29.93 per cent.

Net revenue of the company rose moderately by 14.89 per cent at Rs 224.26 crore in January-March quarter of this fiscal as against Rs 195.20 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 12.25 per cent to Rs 176.29 crore from Rs 157.05 crore in year ago period.

Other Income grew by 12.37 per cent at Rs 3.27 crore versus (Mar'23 Rs 2.91 crore).

Operating Profit surged by 25.77 per cent to Rs 47.97 crore as against Rs 38.14 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.47 per cent in March quarter.

Interest grew by 500.00 per cent y-o-y to Rs 0.06 crore, while Taxation increased by 46.28 per cent at Rs 11.22 crore (Mar'23 Rs 7.67 crore).