The company reported standalone net profit of Rs 71.43 crore for the quarter ended September 30, 2023 as compared to Rs 58.89 crore in the same period last year, registering a year-on-year growth of 21.29 per cent.

Net revenue of the company rose triple digit by 113.33 per cent at Rs 486.46 crore in July-September quarter of this fiscal as against Rs 228.03 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 161.71 per cent to Rs 410.84 crore from Rs 156.98 crore in year ago period.

Other Income grew by 48.92 per cent at Rs 28.31 crore versus (Sep'22 Rs 19.01 crore).

Operating Profit surged by 6.43 per cent to Rs 75.62 crore as against Rs 71.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 50.10 per cent in September quarter.

Interest grew by 206.15 per cent y-o-y to Rs 3.98 crore, while Taxation increased by 35.67 per cent at Rs 26.66 crore (Sep'22 Rs 19.65 crore).