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The company reported standalone net profit of Rs 119.56 crore for the quarter ended March 31, 2022 as compared to Rs 72.70 crore in the same period last year, registering a year-on-year growth of 64.46 per cent. Net revenue of the company rose moderately by 8.25 per cent at Rs 990.03 crore in January-March quarter of this fiscal as against Rs 914.58 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 11.33 per cent to Rs 887.42 crore from Rs 797.11 crore in year ago period.

Other Income dipped by 7.25 per cent at Rs 7.55 crore versus (Mar'21 Rs 8.14 crore). Operating Profit slipped by 12.65 per cent to Rs 102.61 crore as against Rs 117.47 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.31 per cent in March quarter. Interest grew by 13.64 per cent y-o-y to Rs 1.50 crore, while Taxation decreased by 13.64 per cent at Rs 22.61 crore (Mar'21 Rs 26.18 crore).