The company reported standalone net profit of Rs 39.95 crore for the quarter ended March 31, 2023 as compared to Rs 40.68 crore in the same period last year, registering a year-on-year decline of 1.79 per cent.
Net revenue of the company rose substantially by 28.97 per cent at Rs 836.97 crore in January-March quarter of this fiscal as against Rs 648.98 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 29.71 per cent to Rs 739.78 crore from Rs 570.35 crore in year ago period.
Other Income grew by 111.70 per cent at Rs 1.99 crore versus (Mar'22 Rs 0.94 crore).
Operating Profit surged by 23.60 per cent to Rs 97.19 crore as against Rs 78.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.21 per cent in March quarter.
Interest grew by 129.56 per cent y-o-y to Rs 27.41 crore, while Taxation increased by 49.86 per cent at Rs 10.37 crore (Mar'22 Rs 6.92 crore).