The company reported standalone net profit of Rs 29.49 crore for the quarter ended December 31, 2022 as compared to Rs 32.42 crore in the same period last year, registering a year-on-year decline of 9.04 per cent.

Net revenue of the company rose moderately by 14.18 per cent at Rs 926.52 crore in October-December quarter of this fiscal as against Rs 811.48 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 14.71 per cent to Rs 838.42 crore from Rs 730.90 crore in year ago period.

Other Income grew by 7.70 per cent at Rs 9.79 crore versus (Dec'21 Rs 9.09 crore).

Operating Profit surged by 9.33 per cent to Rs 88.10 crore as against Rs 80.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.23 per cent in December quarter.

Interest grew by 70.17 per cent y-o-y to Rs 31.55 crore, while Taxation decreased by 31.57 per cent at Rs 11.62 crore (Dec'21 Rs 16.98 crore).