The company reported standalone net profit of Rs 30.82 crore for the quarter ended September 30, 2022 as compared to Rs 26.24 crore in the same period last year, registering a year-on-year growth of 17.45 per cent.

Net revenue of the company rose moderately by 11.70 per cent at Rs 297.33 crore in July-September quarter of this fiscal as against Rs 266.19 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 10.66 per cent to Rs 253.51 crore from Rs 229.09 crore in year ago period.

Other Income dipped by 52.23 per cent at Rs 0.75 crore versus (Sep'21 Rs 1.57 crore).

Operating Profit surged by 18.11 per cent to Rs 43.82 crore as against Rs 37.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.74 per cent in September quarter.

Interest declined by 22.35 per cent y-o-y to Rs 1.39 crore, while Taxation increased by 16.91 per cent at Rs 10.51 crore (Sep'21 Rs 8.99 crore).