The company reported standalone net profit of Rs 310.98 crore for the quarter ended December 31, 2023 as compared to Rs 246.83 crore in the same period last year, registering a year-on-year growth of 25.99 per cent.

Net revenue of the company rose moderately by 8.34 per cent at Rs 1,437.14 crore in October-December quarter of this fiscal as against Rs 1,326.48 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 3.91 per cent to Rs 1,049.45 crore from Rs 1,009.99 crore in year ago period.

Other Income grew by 39.23 per cent at Rs 55.61 crore versus (Dec'22 Rs 39.94 crore).

Operating Profit surged by 22.50 per cent to Rs 387.69 crore as against Rs 316.49 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.08 per cent in December quarter.

Interest declined by 16.36 per cent y-o-y to Rs 3.17 crore, while Taxation increased by 26.34 per cent at Rs 111.18 crore (Dec'22 Rs 88.00 crore).