The company reported standalone net profit of Rs 36.44 crore for the quarter ended March 31, 2024 as compared to Rs 30.63 crore in the same period last year, registering a year-on-year growth of 18.97 per cent.

Net revenue of the company declined by 0.23 per cent at Rs 1,486.97 crore in January-March quarter of this fiscal as against Rs 1,490.33 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 1.48 per cent to Rs 1,406.67 crore from Rs 1,427.79 crore in year ago period.

Other Income dipped by 30.25 per cent at Rs 6.71 crore versus (Mar'23 Rs 9.62 crore).

Operating Profit surged by 31.50 per cent to Rs 90.17 crore as against Rs 68.57 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 31.74 per cent in March quarter.

Interest declined by 15.57 per cent y-o-y to Rs 13.34 crore, while Taxation increased by 164.64 per cent at Rs 14.82 crore (Mar'23 Rs 5.60 crore).