The company reported standalone net profit of Rs 123.14 crore for the quarter ended March 31, 2025 as compared to Rs 262.04 crore in the same period last year, registering a year-on-year decline of 53.01 per cent.
Net revenue of the company declined marginally by 2.22 per cent at Rs 378.14 crore in January-March quarter of this fiscal as against Rs 386.74 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 279.87 per cent to Rs 97.47 crore from Rs -54.19 crore in year ago period.
Other Income dipped by 302.67 per cent at Rs -3.04 crore versus (Mar'24 Rs 1.50 crore).
Operating Profit slipped by 36.34 per cent to Rs 280.68 crore as against Rs 440.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 34.90 per cent in March quarter.
Interest declined by 14.03 per cent y-o-y to Rs 154.53 crore, while Taxation decreased by 104.69 per cent at Rs -0.03 crore (Mar'24 Rs 0.64 crore).