The company reported standalone net profit of Rs 68.60 crore for the quarter ended June 30, 2024 as compared to Rs 63.70 crore in the same period last year, registering a year-on-year growth of 7.69 per cent.

Net revenue of the company rose moderately by 9.25 per cent at Rs 646.00 crore in April-June quarter of this fiscal as against Rs 591.30 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 9.74 per cent to Rs 555.40 crore from Rs 506.10 crore in year ago period.

Other Income grew by 17.36 per cent at Rs 14.20 crore versus (Jun'23 Rs 12.10 crore).

Operating Profit surged by 6.34 per cent to Rs 90.60 crore as against Rs 85.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.71 per cent in June quarter.

Interest declined by 11.11 per cent y-o-y to Rs 0.80 crore, while Taxation increased by 6.76 per cent at Rs 22.10 crore (Jun'23 Rs 20.70 crore).