The company reported standalone net profit of Rs 125.28 crore for the quarter ended March 31, 2024 as compared to Rs 94.40 crore in the same period last year, registering a year-on-year growth of 32.71 per cent.

Net revenue of the company rose substantially by 49.42 per cent at Rs 591.78 crore in January-March quarter of this fiscal as against Rs 396.04 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 59.51 per cent to Rs 188.09 crore from Rs 117.92 crore in year ago period.

Other Income grew by 538.10 per cent at Rs 1.34 crore versus (Mar'23 Rs 0.21 crore).

Operating Profit surged by 44.98 per cent to Rs 404.49 crore as against Rs 278.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.97 per cent in March quarter.

Interest grew by 59.45 per cent y-o-y to Rs 232.85 crore, while Taxation increased by 33.54 per cent at Rs 42.08 crore (Mar'23 Rs 31.51 crore).