The company reported standalone net profit of Rs 287.06 crore for the quarter ended March 31, 2024 as compared to Rs 231.42 crore in the same period last year, registering a year-on-year growth of 24.04 per cent.

Net revenue of the company rose moderately by 7.11 per cent at Rs 1,438.63 crore in January-March quarter of this fiscal as against Rs 1,343.08 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 4.34 per cent to Rs 1,109.10 crore from Rs 1,062.96 crore in year ago period.

Other Income grew by 63.48 per cent at Rs 81.15 crore versus (Mar'23 Rs 49.64 crore).

Operating Profit surged by 17.64 per cent to Rs 329.53 crore as against Rs 280.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.83 per cent in March quarter.

Interest declined by 29.93 per cent y-o-y to Rs 2.81 crore, while Taxation increased by 33.29 per cent at Rs 102.62 crore (Mar'23 Rs 76.99 crore).