The company reported standalone net profit of Rs 105.12 crore for the quarter ended March 31, 2024 as compared to Rs 84.91 crore in the same period last year, registering a year-on-year growth of 23.80 per cent.

Net revenue of the company rose substantially by 20.18 per cent at Rs 188.97 crore in January-March quarter of this fiscal as against Rs 157.24 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 24.09 per cent to Rs 71.70 crore from Rs 57.78 crore in year ago period.

Other Income grew by 51.89 per cent at Rs 30.91 crore versus (Mar'23 Rs 20.35 crore).

Operating Profit surged by 17.93 per cent to Rs 117.28 crore as against Rs 99.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.88 per cent in March quarter.

Interest declined by 78.75 per cent y-o-y to Rs 0.34 crore, while Taxation increased by 28.28 per cent at Rs 30.89 crore (Mar'23 Rs 24.08 crore).