The company reported standalone net profit of Rs 115.44 crore for the quarter ended March 31, 2024 as compared to Rs 50.81 crore in the same period last year, registering a year-on-year growth of 127.20 per cent.

Net revenue of the company declined moderately by 6.43 per cent at Rs 1,238.04 crore in January-March quarter of this fiscal as against Rs 1,323.11 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 14.02 per cent to Rs 1,051.86 crore from Rs 1,223.34 crore in year ago period.

Other Income dipped by 6.16 per cent at Rs 13.25 crore versus (Mar'23 Rs 14.12 crore).

Operating Profit surged by 86.61 per cent to Rs 186.18 crore as against Rs 99.77 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 99.47 per cent in March quarter.

Interest grew by 0.79 per cent y-o-y to Rs 30.75 crore, while Taxation increased by 101.76 per cent at Rs 37.91 crore (Mar'23 Rs 18.79 crore).