The company reported standalone net profit of Rs 168.16 crore for the quarter ended March 31, 2024 as compared to Rs 196.07 crore in the same period last year, registering a year-on-year decline of 14.23 per cent.

Net revenue of the company declined by 0.81 per cent at Rs 1,424.34 crore in January-March quarter of this fiscal as against Rs 1,436.01 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 3.47 per cent to Rs 1,183.93 crore from Rs 1,144.22 crore in year ago period.

Other Income grew by 107.76 per cent at Rs 12.59 crore versus (Mar'23 Rs 6.06 crore).

Operating Profit slipped by 17.61 per cent to Rs 240.40 crore as against Rs 291.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.93 per cent in March quarter.

Interest grew by 27.85 per cent y-o-y to Rs 9.41 crore, while Taxation decreased by 27.37 per cent at Rs 54.17 crore (Mar'23 Rs 74.58 crore).