The company reported standalone net profit of Rs 443.80 crore for the quarter ended March 31, 2024 as compared to Rs 282.91 crore in the same period last year, registering a year-on-year growth of 56.87 per cent.

Net revenue of the company rose moderately by 10.69 per cent at Rs 1,800.72 crore in January-March quarter of this fiscal as against Rs 1,626.81 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 40.35 per cent to Rs 155.59 crore from Rs 260.85 crore in year ago period.

Other Income grew by 402.00 per cent at Rs 5.02 crore versus (Mar'23 Rs 1.00 crore).

Operating Profit surged by 20.44 per cent to Rs 1,645.13 crore as against Rs 1,365.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.80 per cent in March quarter.

Interest grew by 6.12 per cent y-o-y to Rs 1,069.99 crore, while Taxation increased by 93.56 per cent at Rs 122.23 crore (Mar'23 Rs 63.15 crore).