The company reported standalone net profit of Rs 17.02 crore for the quarter ended June 30, 2024 as compared to Rs 10.47 crore in the same period last year, registering a year-on-year growth of 62.56 per cent.

Net revenue of the company declined marginally by 2.96 per cent at Rs 239.93 crore in April-June quarter of this fiscal as against Rs 247.25 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 6.86 per cent to Rs 217.36 crore from Rs 233.38 crore in year ago period.

Other Income grew by 237.14 per cent at Rs 7.08 crore versus (Jun'23 Rs 2.10 crore).

Operating Profit surged by 62.73 per cent to Rs 22.57 crore as against Rs 13.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 67.74 per cent in June quarter.

Interest grew by 0.00 per cent y-o-y to Rs 6.20 crore, while Taxation increased by 17.07 per cent at Rs 4.39 crore (Jun'23 Rs 3.75 crore).