The company reported standalone net profit of Rs 51.67 crore for the quarter ended March 31, 2024 as compared to Rs 35.00 crore in the same period last year, registering a year-on-year growth of 47.63 per cent.

Net revenue of the company rose by 0.22 per cent at Rs 232.50 crore in January-March quarter of this fiscal as against Rs 231.98 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 7.24 per cent to Rs 212.37 crore from Rs 228.94 crore in year ago period.

Other Income dipped by 8.34 per cent at Rs 44.18 crore versus (Mar'23 Rs 48.20 crore).

Operating Profit surged by 562.17 per cent to Rs 20.13 crore as against Rs 3.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 561.07 per cent in March quarter.

Interest declined by 7.84 per cent y-o-y to Rs 1.41 crore, while Taxation decreased by 42.70 per cent at Rs 5.73 crore (Mar'23 Rs 10.00 crore).