The company reported standalone net profit of Rs 66.07 crore for the quarter ended March 31, 2025 as compared to Rs 176.38 crore in the same period last year, registering a year-on-year decline of 62.54 per cent.
Net revenue of the company declined substantially by 34.67 per cent at Rs 387.56 crore in January-March quarter of this fiscal as against Rs 593.25 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 4.70 per cent to Rs 283.23 crore from Rs 270.51 crore in year ago period.
Other Income grew by 95.87 per cent at Rs 33.22 crore versus (Mar'24 Rs 16.96 crore).
Operating Profit slipped by 67.68 per cent to Rs 104.32 crore as against Rs 322.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 50.51 per cent in March quarter.
Interest declined by 19.73 per cent y-o-y to Rs 40.68 crore, while Taxation decreased by 64.63 per cent at Rs 18.27 crore (Mar'24 Rs 51.66 crore).