The company reported standalone net profit of Rs 148.20 crore for the quarter ended March 31, 2024 as compared to Rs 112.03 crore in the same period last year, registering a year-on-year growth of 32.29 per cent.

Net revenue of the company rose moderately by 11.89 per cent at Rs 950.70 crore in January-March quarter of this fiscal as against Rs 849.68 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.84 per cent to Rs 780.80 crore from Rs 710.88 crore in year ago period.

Other Income grew by 55.63 per cent at Rs 41.60 crore versus (Mar'23 Rs 26.73 crore).

Operating Profit surged by 22.41 per cent to Rs 169.90 crore as against Rs 138.80 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.36 per cent in March quarter.

Interest grew by 42.86 per cent y-o-y to Rs 0.70 crore, while Taxation increased by 24.27 per cent at Rs 49.10 crore (Mar'23 Rs 39.51 crore).