The company reported standalone net profit of Rs 184.59 crore for the quarter ended March 31, 2024 as compared to Rs 105.92 crore in the same period last year, registering a year-on-year growth of 74.27 per cent.

Net revenue of the company declined marginally by 3.78 per cent at Rs 1,088.94 crore in January-March quarter of this fiscal as against Rs 1,131.72 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 8.59 per cent to Rs 971.34 crore from Rs 1,062.65 crore in year ago period.

Other Income grew by 88.51 per cent at Rs 94.86 crore versus (Mar'23 Rs 50.32 crore).

Operating Profit surged by 51.96 per cent to Rs 159.32 crore as against Rs 104.84 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 57.99 per cent in March quarter.

Interest declined by 13.84 per cent y-o-y to Rs 6.10 crore, while Taxation increased by 87.43 per cent at Rs 42.96 crore (Mar'23 Rs 22.92 crore).