The company reported standalone net profit of Rs 17.12 crore for the quarter ended March 31, 2024 as compared to Rs 12.22 crore in the same period last year, registering a year-on-year growth of 40.10 per cent.

Net revenue of the company declined by 5.61 per cent at Rs 167.98 crore in January-March quarter of this fiscal as against Rs 177.96 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 9.37 per cent to Rs 140.08 crore from Rs 154.56 crore in year ago period.

Other Income grew by 558.33 per cent at Rs 1.58 crore versus (Mar'23 Rs 0.24 crore).

Operating Profit surged by 19.23 per cent to Rs 27.90 crore as against Rs 23.40 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.31 per cent in March quarter.

Interest declined by 15.38 per cent y-o-y to Rs 2.53 crore, while Taxation increased by 18.28 per cent at Rs 5.76 crore (Mar'23 Rs 4.87 crore).