The company reported standalone net profit of Rs 50.39 crore for the quarter ended March 31, 2024 as compared to Rs 12.36 crore in the same period last year, registering a year-on-year growth of 307.69 per cent.

Net revenue of the company rose substantially by 37.54 per cent at Rs 352.58 crore in January-March quarter of this fiscal as against Rs 256.34 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 20.84 per cent to Rs 272.08 crore from Rs 225.16 crore in year ago period.

Other Income grew by 186.00 per cent at Rs 2.86 crore versus (Mar'23 Rs 1.00 crore).

Operating Profit surged by 158.18 per cent to Rs 80.50 crore as against Rs 31.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 87.59 per cent in March quarter.

Interest declined by 0.22 per cent y-o-y to Rs 9.18 crore, while Taxation increased by 293.03 per cent at Rs 17.49 crore (Mar'23 Rs 4.45 crore).