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The company reported standalone net profit of Rs 70.48 crore for the quarter ended March 31, 2022 as compared to Rs 66.50 crore in the same period last year, registering a year-on-year growth of 5.98 per cent. Net revenue of the company declined moderately by 8.27 per cent at Rs 2,398.79 crore in January-March quarter of this fiscal as against Rs 2,614.94 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 8.68 per cent to Rs 2,210.59 crore from Rs 2,420.61 crore in year ago period.

Other Income grew by 21.43 per cent at Rs 13.71 crore versus (Mar'21 Rs 11.29 crore). Operating Profit slipped by 3.15 per cent to Rs 188.20 crore as against Rs 194.32 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.65 per cent in March quarter. Interest declined by 16.39 per cent y-o-y to Rs 61.25 crore, while Taxation increased by 8.09 per cent at Rs 25.66 crore (Mar'21 Rs 23.74 crore).