The company reported standalone net profit of Rs 13.71 crore for the quarter ended June 30, 2024 as compared to Rs 57.73 crore in the same period last year, registering a year-on-year decline of 76.25 per cent.

Net revenue of the company declined substantially by 50.12 per cent at Rs 731.10 crore in April-June quarter of this fiscal as against Rs 1,465.66 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 50.83 per cent to Rs 691.93 crore from Rs 1,407.29 crore in year ago period.

Other Income grew by 4491.30 per cent at Rs 10.56 crore versus (Jun'23 Rs 0.23 crore).

Operating Profit slipped by 32.91 per cent to Rs 39.17 crore as against Rs 58.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 34.67 per cent in June quarter.

Interest grew by 0.00 per cent y-o-y to Rs 30.00 crore, while Taxation increased by 740.00 per cent at Rs 5.88 crore (Jun'23 Rs 0.70 crore).