The company reported standalone net profit of Rs 31.80 crore for the quarter ended March 31, 2024 as compared to Rs 17.92 crore in the same period last year, registering a year-on-year growth of 77.46 per cent.

Net revenue of the company rose substantially by 91.65 per cent at Rs 197.92 crore in January-March quarter of this fiscal as against Rs 103.27 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 128.65 per cent to Rs 148.53 crore from Rs 64.96 crore in year ago period.

Other Income grew by 126.01 per cent at Rs 10.60 crore versus (Mar'23 Rs 4.69 crore).

Operating Profit surged by 28.92 per cent to Rs 49.39 crore as against Rs 38.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.75 per cent in March quarter.

Interest declined by 40.31 per cent y-o-y to Rs 1.91 crore, while Taxation increased by 61.01 per cent at Rs 10.24 crore (Mar'23 Rs 6.36 crore).