The company reported standalone net profit of Rs 216.24 crore for the quarter ended March 31, 2024 as compared to Rs 202.50 crore in the same period last year, registering a year-on-year growth of 6.79 per cent.

Net revenue of the company rose marginally by 2.42 per cent at Rs 1,325.24 crore in January-March quarter of this fiscal as against Rs 1,293.89 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 3.27 per cent to Rs 1,031.50 crore from Rs 998.86 crore in year ago period.

Other Income grew by 37.08 per cent at Rs 24.14 crore versus (Mar'23 Rs 17.61 crore).

Operating Profit slipped by 0.44 per cent to Rs 293.74 crore as against Rs 295.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.76 per cent in March quarter.

Interest grew by 28.48 per cent y-o-y to Rs 2.12 crore, while Taxation decreased by 11.60 per cent at Rs 75.81 crore (Mar'23 Rs 85.76 crore).