The company reported standalone net profit of Rs 66.93 crore for the quarter ended March 31, 2024 as compared to Rs 56.70 crore in the same period last year, registering a year-on-year growth of 18.04 per cent.

Net revenue of the company rose moderately by 15.18 per cent at Rs 578.91 crore in January-March quarter of this fiscal as against Rs 502.60 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 16.42 per cent to Rs 480.54 crore from Rs 412.75 crore in year ago period.

Other Income grew by 44.55 per cent at Rs 11.68 crore versus (Mar'23 Rs 8.08 crore).

Operating Profit surged by 9.48 per cent to Rs 98.37 crore as against Rs 89.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.98 per cent in March quarter.

Interest grew by 22.82 per cent y-o-y to Rs 2.53 crore, while Taxation decreased by 11.40 per cent at Rs 25.10 crore (Mar'23 Rs 28.33 crore).