The company reported standalone net profit of Rs 37.30 crore for the quarter ended March 31, 2024 as compared to Rs 52.11 crore in the same period last year, registering a year-on-year decline of 28.42 per cent.

Net revenue of the company rose moderately by 14.95 per cent at Rs 102.17 crore in January-March quarter of this fiscal as against Rs 88.88 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 16.18 per cent to Rs 84.46 crore from Rs 72.70 crore in year ago period.

Other Income dipped by 19.04 per cent at Rs 23.55 crore versus (Mar'23 Rs 29.09 crore).

Operating Profit surged by 9.46 per cent to Rs 17.71 crore as against Rs 16.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.78 per cent in March quarter.

Interest grew by 522.22 per cent y-o-y to Rs 0.56 crore, while Taxation decreased by 99.40 per cent at Rs 0.06 crore (Mar'23 Rs 10.04 crore).