The company reported standalone net profit of Rs 29.53 crore for the quarter ended March 31, 2025 as compared to Rs 46.10 crore in the same period last year, registering a year-on-year decline of 35.94 per cent.
Net revenue of the company declined substantially by 59.58 per cent at Rs 80.93 crore in January-March quarter of this fiscal as against Rs 200.23 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 25.34 per cent to Rs 93.44 crore from Rs 125.16 crore in year ago period.
Other Income grew by 9076.92 per cent at Rs 47.72 crore versus (Mar'24 Rs 0.52 crore).
Operating Profit slipped by 116.66 per cent to Rs -12.51 crore as against Rs 75.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 141.24 per cent in March quarter.
Interest declined by 79.97 per cent y-o-y to Rs 1.32 crore, while Taxation decreased by 65.65 per cent at Rs 5.39 crore (Mar'24 Rs 15.69 crore).