News Details

The company reported standalone net profit of Rs 97.94 crore for the quarter ended March 31, 2024 as compared to Rs 146.36 crore in the same period last year, registering a year-on-year decline of 33.08 per cent.

Net revenue of the company declined moderately by 13.64 per cent at Rs 536.60 crore in January-March quarter of this fiscal as against Rs 621.32 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 4.76 per cent to Rs 395.15 crore from Rs 414.89 crore in year ago period.

Other Income grew by 10.21 per cent at Rs 3.13 crore versus (Mar'23 Rs 2.84 crore).

Operating Profit slipped by 31.48 per cent to Rs 141.45 crore as against Rs 206.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.65 per cent in March quarter.

Interest grew by 200.00 per cent y-o-y to Rs 0.36 crore, while Taxation decreased by 38.09 per cent at Rs 31.74 crore (Mar'23 Rs 51.27 crore).