The company reported standalone net profit of Rs 47.30 crore for the quarter ended March 31, 2025 as compared to Rs 123.70 crore in the same period last year, registering a year-on-year decline of 61.76 per cent.
Net revenue of the company declined substantially by 21.02 per cent at Rs 2,314.78 crore in January-March quarter of this fiscal as against Rs 2,930.76 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 18.34 per cent to Rs 2,105.51 crore from Rs 2,578.38 crore in year ago period.
Other Income dipped by 29.97 per cent at Rs 23.97 crore versus (Mar'24 Rs 34.23 crore).
Operating Profit slipped by 40.61 per cent to Rs 209.27 crore as against Rs 352.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.79 per cent in March quarter.
Interest grew by 15.74 per cent y-o-y to Rs 123.86 crore, while Taxation decreased by 88.74 per cent at Rs 10.49 crore (Mar'24 Rs 93.16 crore).