The company reported standalone net profit of Rs 104.52 crore for the quarter ended June 30, 2024 as compared to Rs 70.28 crore in the same period last year, registering a year-on-year growth of 48.72 per cent.

Net revenue of the company rose substantially by 70.47 per cent at Rs 127.41 crore in April-June quarter of this fiscal as against Rs 74.74 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 17.89 per cent to Rs 4.35 crore from Rs 3.69 crore in year ago period.

Operating Profit surged by 73.21 per cent to Rs 123.05 crore as against Rs 71.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.60 per cent in June quarter.

Interest grew by 0.00 per cent y-o-y to Rs 16.87 crore, while Taxation increased by 115.58 per cent at Rs 1.66 crore (Jun'23 Rs 0.77 crore).