The company reported standalone net profit of Rs 47.21 crore for the quarter ended March 31, 2025 as compared to Rs 396.99 crore in the same period last year, registering a year-on-year decline of 88.11 per cent.
Net revenue of the company declined marginally by 3.49 per cent at Rs 1,406.63 crore in January-March quarter of this fiscal as against Rs 1,457.49 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 99.08 per cent to Rs 863.69 crore from Rs 433.83 crore in year ago period.
Other Income dipped by 32.92 per cent at Rs 1.08 crore versus (Mar'24 Rs 1.61 crore).
Operating Profit slipped by 46.96 per cent to Rs 542.94 crore as against Rs 1,023.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.04 per cent in March quarter.
Interest declined by 0.91 per cent y-o-y to Rs 477.78 crore, while Taxation decreased by 97.08 per cent at Rs 3.87 crore (Mar'24 Rs 132.38 crore).