The company reported standalone net profit of Rs 70.96 crore for the quarter ended March 31, 2024 as compared to Rs 4.57 crore in the same period last year, registering a year-on-year growth of 1452.74 per cent.

Net revenue of the company rose two fold by 234.98 per cent at Rs 587.12 crore in January-March quarter of this fiscal as against Rs 175.27 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 188.15 per cent to Rs 479.85 crore from Rs 166.53 crore in year ago period.

Other Income dipped by 78.25 per cent at Rs 0.92 crore versus (Mar'23 Rs 4.23 crore).

Operating Profit surged by 1127.35 per cent to Rs 107.27 crore as against Rs 8.74 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 266.87 per cent in March quarter.

Interest grew by 91.69 per cent y-o-y to Rs 7.15 crore, while Taxation increased by 4929.41 per cent at Rs 25.65 crore (Mar'23 Rs 0.51 crore).