The company reported standalone net profit of Rs 195.46 crore for the quarter ended March 31, 2024 as compared to Rs 153.59 crore in the same period last year, registering a year-on-year growth of 27.26 per cent.

Net revenue of the company rose substantially by 31.72 per cent at Rs 1,996.67 crore in January-March quarter of this fiscal as against Rs 1,515.84 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 30.54 per cent to Rs 1,635.30 crore from Rs 1,252.76 crore in year ago period.

Other Income grew by 71.29 per cent at Rs 80.20 crore versus (Mar'23 Rs 46.82 crore).

Operating Profit surged by 37.36 per cent to Rs 361.37 crore as against Rs 263.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.26 per cent in March quarter.

Interest grew by 56.12 per cent y-o-y to Rs 89.27 crore, while Taxation increased by 299.15 per cent at Rs 69.94 crore (Mar'23 Rs -35.12 crore).