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The company reported standalone net profit of Rs 16.15 crore for the quarter ended March 31, 2024 as compared to Rs 14.17 crore in the same period last year, registering a year-on-year growth of 13.97 per cent.
Net revenue of the company declined by 5.39 per cent at Rs 146.42 crore in January-March quarter of this fiscal as against Rs 154.76 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 13.08 per cent to Rs 113.92 crore from Rs 131.07 crore in year ago period.
Other Income grew by 71.78 per cent at Rs 4.93 crore versus (Mar'23 Rs 2.87 crore).
Operating Profit surged by 37.19 per cent to Rs 32.50 crore as against Rs 23.69 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 45.00 per cent in March quarter.
Interest grew by 1892.31 per cent y-o-y to Rs 2.59 crore, while Taxation increased by 47.69 per cent at Rs 16.32 crore (Mar'23 Rs 11.05 crore).
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