The company reported standalone net profit of Rs 64.35 crore for the quarter ended March 31, 2024 as compared to Rs 50.98 crore in the same period last year, registering a year-on-year growth of 26.23 per cent.

Net revenue of the company rose marginally by 2.44 per cent at Rs 620.09 crore in January-March quarter of this fiscal as against Rs 605.33 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 0.59 per cent to Rs 526.87 crore from Rs 530.01 crore in year ago period.

Other Income dipped by 71.90 per cent at Rs 0.77 crore versus (Mar'23 Rs 2.74 crore).

Operating Profit surged by 23.74 per cent to Rs 93.21 crore as against Rs 75.33 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 20.82 per cent in March quarter.

Interest grew by 468.42 per cent y-o-y to Rs -2.16 crore, while Taxation increased by 28.29 per cent at Rs 22.63 crore (Mar'23 Rs 17.64 crore).