The company reported standalone net profit of Rs 15.39 crore for the quarter ended March 31, 2024 as compared to Rs 12.02 crore in the same period last year, registering a year-on-year growth of 28.04 per cent.

Net revenue of the company rose moderately by 12.95 per cent at Rs 186.22 crore in January-March quarter of this fiscal as against Rs 164.87 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.17 per cent to Rs 158.10 crore from Rs 144.82 crore in year ago period.

Other Income dipped by 45.83 per cent at Rs 0.52 crore versus (Mar'23 Rs 0.96 crore).

Operating Profit surged by 40.25 per cent to Rs 28.12 crore as against Rs 20.05 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 24.18 per cent in March quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 52.96 per cent at Rs 5.69 crore (Mar'23 Rs 3.72 crore).