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The company reported standalone net profit of Rs 29.59 crore for the quarter ended March 31, 2022 as compared to Rs 39.54 crore in the same period last year, registering a year-on-year decline of 25.16 per cent. Net revenue of the company declined marginally by 3.17 per cent at Rs 503.07 crore in January-March quarter of this fiscal as against Rs 519.54 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 2.20 per cent to Rs 441.32 crore from Rs 451.24 crore in year ago period.

Other Income grew by 90.60 per cent at Rs 5.07 crore versus (Mar'21 Rs 2.66 crore). Operating Profit slipped by 2.71 per cent to Rs 66.45 crore as against Rs 68.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.46 per cent in March quarter. Interest grew by 17.94 per cent y-o-y to Rs 4.80 crore, while Taxation increased by 101.41 per cent at Rs 12.89 crore (Mar'21 Rs 6.40 crore).