The company reported standalone net profit of Rs 82.65 crore for the quarter ended March 31, 2024 as compared to Rs 63.65 crore in the same period last year, registering a year-on-year growth of 29.85 per cent.

Net revenue of the company rose moderately by 10.00 per cent at Rs 700.56 crore in January-March quarter of this fiscal as against Rs 636.90 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 60.03 per cent to Rs 796.94 crore from Rs 497.98 crore in year ago period.

Other Income grew by 4837.95 per cent at Rs 231.59 crore versus (Mar'23 Rs 4.69 crore).

Operating Profit slipped by 169.38 per cent to Rs -96.38 crore as against Rs 138.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 163.09 per cent in March quarter.

Interest declined by 39.71 per cent y-o-y to Rs 5.83 crore, while Taxation decreased by 2.68 per cent at Rs 34.12 crore (Mar'23 Rs 35.06 crore).