The company reported standalone net profit of Rs 37.59 crore for the quarter ended March 31, 2024 as compared to Rs 36.80 crore in the same period last year, registering a year-on-year growth of 2.15 per cent.

Net revenue of the company rose substantially by 20.10 per cent at Rs 297.53 crore in January-March quarter of this fiscal as against Rs 247.74 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 24.79 per cent to Rs 246.20 crore from Rs 197.29 crore in year ago period.

Other Income grew by 23.28 per cent at Rs 7.36 crore versus (Mar'23 Rs 5.97 crore).

Operating Profit surged by 1.74 per cent to Rs 51.33 crore as against Rs 50.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.28 per cent in March quarter.

Interest grew by 25.19 per cent y-o-y to Rs 1.69 crore, while Taxation increased by 1.71 per cent at Rs 12.49 crore (Mar'23 Rs 12.28 crore).