The company reported standalone net profit of Rs 26.83 crore for the quarter ended March 31, 2024 as compared to Rs 32.45 crore in the same period last year, registering a year-on-year decline of 17.32 per cent.

Net revenue of the company rose moderately by 10.27 per cent at Rs 1,155.02 crore in January-March quarter of this fiscal as against Rs 1,047.48 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.64 per cent to Rs 1,090.20 crore from Rs 994.37 crore in year ago period.

Other Income dipped by 36.46 per cent at Rs 5.28 crore versus (Mar'23 Rs 8.31 crore).

Operating Profit surged by 22.03 per cent to Rs 64.81 crore as against Rs 53.11 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.65 per cent in March quarter.

Interest grew by 23.15 per cent y-o-y to Rs 22.82 crore, while Taxation decreased by 17.89 per cent at Rs -3.90 crore (Mar'23 Rs -4.75 crore).