The company reported standalone net profit of Rs 674.50 crore for the quarter ended March 31, 2025 as compared to Rs 896.40 crore in the same period last year, registering a year-on-year decline of 24.75 per cent.
Net revenue of the company declined substantially by 27.42 per cent at Rs 3,808.70 crore in January-March quarter of this fiscal as against Rs 5,247.80 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 24.37 per cent to Rs 3,422.40 crore from Rs 4,525.30 crore in year ago period.
Other Income dipped by 39.49 per cent at Rs 278.70 crore versus (Mar'24 Rs 460.60 crore).
Operating Profit slipped by 51.01 per cent to Rs 386.30 crore as against Rs 788.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.53 per cent in March quarter.
Interest declined by 94.04 per cent y-o-y to Rs 1.80 crore, while Taxation decreased by 54.22 per cent at Rs 122.20 crore (Mar'24 Rs 266.90 crore).