The company reported standalone net profit of Rs 188.72 crore for the quarter ended March 31, 2024 as compared to Rs 244.35 crore in the same period last year, registering a year-on-year decline of 22.77 per cent.

Net revenue of the company rose moderately by 13.58 per cent at Rs 2,877.46 crore in January-March quarter of this fiscal as against Rs 2,533.43 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 27.90 per cent to Rs 2,742.25 crore from Rs 2,144.10 crore in year ago period.

Other Income grew by 696.04 per cent at Rs 178.87 crore versus (Mar'23 Rs 22.47 crore).

Operating Profit slipped by 65.27 per cent to Rs 135.21 crore as against Rs 389.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 69.42 per cent in March quarter.

Interest declined by 17.88 per cent y-o-y to Rs 43.59 crore, while Taxation decreased by 55.76 per cent at Rs 38.30 crore (Mar'23 Rs 86.58 crore).