The company reported standalone net profit of Rs 63.90 crore for the quarter ended September 30, 2022 as compared to Rs 63.40 crore in the same period last year, registering a year-on-year growth of 0.79 per cent.

Net revenue of the company declined moderately by 7.33 per cent at Rs 1,196.12 crore in July-September quarter of this fiscal as against Rs 1,290.74 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 7.06 per cent to Rs 1,126.54 crore from Rs 1,212.09 crore in year ago period.

Other Income dipped by 29.18 per cent at Rs 19.83 crore versus (Sep'21 Rs 28.00 crore).

Operating Profit surged by 19.28 per cent to Rs 93.81 crore as against Rs 78.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 28.74 per cent in September quarter.

Interest declined by 23.94 per cent y-o-y to Rs 9.66 crore, while Taxation increased by 30.06 per cent at Rs 22.28 crore (Sep'21 Rs 17.13 crore).