The company reported standalone net profit during the quarter stood at Rs 13.86 crore compared to net loss of Rs 7.55 crore in the previous year quarter.

Net revenue of the company rose moderately by 7.14 per cent at Rs 1,055.33 crore in January-March quarter of this fiscal as against Rs 985.04 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 5.81 per cent to Rs 1,012.33 crore from Rs 956.77 crore in year ago period.

Other Income grew by 22.97 per cent at Rs 11.35 crore versus (Mar'23 Rs 9.23 crore).

Operating Profit surged by 52.10 per cent to Rs 43.00 crore as against Rs 28.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 41.81 per cent in March quarter.

Interest declined by 11.58 per cent y-o-y to Rs 6.72 crore, while Taxation decreased by 43.57 per cent at Rs 2.37 crore (Mar'23 Rs 4.20 crore).