The company reported standalone net profit of Rs 52.36 crore for the quarter ended September 30, 2024 as compared to Rs 34.49 crore in the same period last year, registering a year-on-year growth of 51.81 per cent.

Net revenue of the company rose marginally by 2.20 per cent at Rs 837.14 crore in July-September quarter of this fiscal as against Rs 819.12 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 3.92 per cent to Rs 662.13 crore from Rs 637.13 crore in year ago period.

Other Income grew by 10.68 per cent at Rs 17.10 crore versus (Sep'23 Rs 15.45 crore).

Operating Profit slipped by 3.83 per cent to Rs 175.01 crore as against Rs 181.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.90 per cent in September quarter.

Interest grew by 11.98 per cent y-o-y to Rs 31.79 crore, while Taxation increased by 47.06 per cent at Rs 17.75 crore (Sep'23 Rs 12.07 crore).