News Details

The company reported standalone net profit of Rs 68.91 crore for the quarter ended March 31, 2024 as compared to Rs 26.06 crore in the same period last year, registering a year-on-year growth of 164.43 per cent.

Net revenue of the company rose moderately by 9.22 per cent at Rs 682.03 crore in January-March quarter of this fiscal as against Rs 624.44 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 3.61 per cent to Rs 586.84 crore from Rs 566.37 crore in year ago period.

Other Income grew by 783.58 per cent at Rs 18.32 crore versus (Mar'23 Rs -2.68 crore).

Operating Profit surged by 63.89 per cent to Rs 95.19 crore as against Rs 58.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 50.11 per cent in March quarter.

Interest declined by 40.87 per cent y-o-y to Rs 1.36 crore, while Taxation increased by 213.77 per cent at Rs 25.29 crore (Mar'23 Rs 8.06 crore).