The company reported standalone net profit of Rs 1.58 crore for the quarter ended March 31, 2025 as compared to Rs 15.02 crore in the same period last year, registering a year-on-year decline of 89.48 per cent.
Net revenue of the company declined substantially by 36.93 per cent at Rs 25.36 crore in January-March quarter of this fiscal as against Rs 40.21 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 21.95 per cent to Rs 40.72 crore from Rs 33.39 crore in year ago period.
Other Income grew by 83.04 per cent at Rs 23.85 crore versus (Mar'24 Rs 13.03 crore).
Operating Profit slipped by 325.22 per cent to Rs -15.36 crore as against Rs 6.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 457.46 per cent in March quarter.
Interest grew by 385.29 per cent y-o-y to Rs 1.65 crore, while Taxation decreased by 61.11 per cent at Rs 1.05 crore (Mar'24 Rs 2.70 crore).