The company reported standalone net profit of Rs 37.37 crore for the quarter ended March 31, 2024 as compared to Rs 28.77 crore in the same period last year, registering a year-on-year growth of 29.89 per cent.

Net revenue of the company rose marginally by 4.18 per cent at Rs 420.14 crore in January-March quarter of this fiscal as against Rs 403.30 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 0.26 per cent to Rs 356.96 crore from Rs 357.88 crore in year ago period.

Other Income dipped by 13.85 per cent at Rs 8.77 crore versus (Mar'23 Rs 10.18 crore).

Operating Profit surged by 39.10 per cent to Rs 63.18 crore as against Rs 45.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 33.57 per cent in March quarter.

Interest grew by 28.71 per cent y-o-y to Rs 1.30 crore, while Taxation increased by 92.75 per cent at Rs 13.30 crore (Mar'23 Rs 6.90 crore).