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The company reported standalone net profit of Rs 62.93 crore for the quarter ended March 31, 2022 as compared to Rs 102.17 crore in the same period last year, registering a year-on-year decline of 38.41 per cent. Net revenue of the company declined moderately by 6.62 per cent at Rs 698.19 crore in January-March quarter of this fiscal as against Rs 747.68 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 0.38 per cent to Rs 587.06 crore from Rs 584.82 crore in year ago period.

Other Income dipped by 14.22 per cent at Rs 5.91 crore versus (Mar'21 Rs 6.89 crore). Operating Profit slipped by 31.76 per cent to Rs 111.13 crore as against Rs 162.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.91 per cent in March quarter. Interest declined by 24.86 per cent y-o-y to Rs 3.90 crore, while Taxation decreased by 39.31 per cent at Rs 21.51 crore (Mar'21 Rs 35.44 crore).