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The company reported standalone net profit of Rs 21.76 crore for the quarter ended June 30, 2024 as compared to Rs 19.24 crore in the same period last year, registering a year-on-year growth of 13.10 per cent.
Net revenue of the company rose by 5.93 per cent at Rs 539.06 crore in April-June quarter of this fiscal as against Rs 508.90 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 6.46 per cent to Rs 502.03 crore from Rs 471.56 crore in year ago period.
Other Income grew by 190.84 per cent at Rs 3.81 crore versus (Jun'23 Rs 1.31 crore).
Operating Profit slipped by 0.83 per cent to Rs 37.03 crore as against Rs 37.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.40 per cent in June quarter.
Interest declined by 9.18 per cent y-o-y to Rs 9.80 crore, while Taxation increased by 9.53 per cent at Rs 7.24 crore (Jun'23 Rs 6.61 crore).
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