India, May 2 -- The company reported standalone net profit of Rs 64.58 crore for the quarter ended March 31, 2024 as compared to Rs 108.79 crore in the same period last year, registering a year-on-year decline of 40.64 per cent.

Net revenue of the company declined moderately by 8.15 per cent at Rs 624.87 crore in January-March quarter of this fiscal as against Rs 680.32 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 5.32 per cent to Rs 476.66 crore from Rs 503.46 crore in year ago period.

Other Income dipped by 57.96 per cent at Rs 7.84 crore versus (Mar'23 Rs 18.65 crore).

Operating Profit slipped by 16.20 per cent to Rs 148.21 crore as against Rs 176.86 crore in the year ago pe...