Mumbai, April 22 -- Total income fell by 13.76% year on year (YoY) to Rs 99.89 crore in the quarter ended 31 March 2024.

Profit before tax stood at Rs 12.65 crore in the March quarter, down 38.05% from Rs 20.42 crore recorded in the same period a year ago.

Total expenses decreased 8.58% YoY to Rs 87.24 crore during the quarter. Finance costs stood at Rs 34.95 crore (up 22.16% YoY), Fees and commission expenses stood at Rs 13.88 crore (down 45.11% YoY) and employee benefit expenses stood at Rs 22.67 crore (down 10.50% YoY) during the period under review.

On segmental front, the company's revenue from broking business was at Rs 76.68 crore (down 22.32% YoY), while income from wholesale debt market business stood at Rs 20.67 crore (up 53....