The company reported standalone net profit of Rs 8.89 crore for the quarter ended March 31, 2025 as compared to Rs 20.09 crore in the same period last year, registering a year-on-year decline of 55.75 per cent.
Net revenue of the company declined substantially by 47.81 per cent at Rs 37.22 crore in January-March quarter of this fiscal as against Rs 71.31 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 34.31 per cent to Rs 27.63 crore from Rs 42.06 crore in year ago period.
Other Income grew by 321.62 per cent at Rs 3.12 crore versus (Mar'24 Rs 0.74 crore).
Operating Profit slipped by 67.25 per cent to Rs 9.58 crore as against Rs 29.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.23 per cent in March quarter.
Interest declined by 58.29 per cent y-o-y to Rs 0.78 crore, while Taxation decreased by 72.41 per cent at Rs 1.84 crore (Mar'24 Rs 6.67 crore).