Revenue for Q1 FY23 has increased by 45% YoY to ₹ 35,444 millions. Profits have grown by 29% YoY to ₹ 3,341 millions despite Total Expenses having risen by 43% YoY to ₹ 31,634 millions.
In this quarter’s press release, the management suggested that the recovery of the automotive market and easing supply disruptions are the reasons for the growing profitability.
To further compare this quarter’s results to the past, check out this link.