The company reported standalone net profit of Rs 231.42 crore for the quarter ended March 31, 2023 as compared to Rs 211.41 crore in the same period last year, registering a year-on-year growth of 9.47 per cent.

Net revenue of the company rose moderately by 7.02 per cent at Rs 1,343.08 crore in January-March quarter of this fiscal as against Rs 1,255.02 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 10.59 per cent to Rs 1,062.96 crore from Rs 961.20 crore in year ago period.

Other Income grew by 135.82 per cent at Rs 49.64 crore versus (Mar'22 Rs 21.05 crore).

Operating Profit slipped by 4.66 per cent to Rs 280.12 crore as against Rs 293.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.89 per cent in March quarter.

Interest declined by 21.98 per cent y-o-y to Rs 4.01 crore, while Taxation decreased by 4.82 per cent at Rs 76.99 crore (Mar'22 Rs 80.89 crore).