The company reported standalone net profit of Rs 54.40 crore for the quarter ended March 31, 2022 as compared to Rs 50.32 crore in the same period last year, registering a year-on-year growth of 8.11 per cent. Net revenue of the company declined marginally by 4.02 per cent at Rs 398.40 crore in January-March quarter of this fiscal as against Rs 415.08 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 6.47 per cent to Rs 320.73 crore from Rs 342.91 crore in year ago period.
Other Income grew by 69.72 per cent at Rs 3.70 crore versus (Mar'21 Rs 2.18 crore). Operating Profit surged by 7.62 per cent to Rs 77.67 crore as against Rs 72.17 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.13 per cent in March quarter. Interest declined by 98.92 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 36.03 per cent at Rs 18.80 crore (Mar'21 Rs 13.82 crore).