The company reported standalone net profit of Rs 75.29 crore for the quarter ended June 30, 2024 as compared to Rs 76.66 crore in the same period last year, registering a year-on-year decline of 1.79 per cent.

Net revenue of the company rose substantially by 27.75 per cent at Rs 568.44 crore in April-June quarter of this fiscal as against Rs 444.96 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 38.12 per cent to Rs 443.41 crore from Rs 321.04 crore in year ago period.

Other Income grew by 170.09 per cent at Rs 6.32 crore versus (Jun'23 Rs 2.34 crore).

Operating Profit surged by 0.90 per cent to Rs 125.03 crore as against Rs 123.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.01 per cent in June quarter.

Interest grew by 8.92 per cent y-o-y to Rs 4.15 crore, while Taxation increased by 0.96 per cent at Rs 23.13 crore (Jun'23 Rs 22.91 crore).