The company reported standalone net profit of Rs 70.73 crore for the quarter ended March 31, 2025 as compared to Rs 261.13 crore in the same period last year, registering a year-on-year decline of 72.91 per cent.
Net revenue of the company declined substantially by 53.03 per cent at Rs 238.07 crore in January-March quarter of this fiscal as against Rs 506.81 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 12.02 per cent to Rs 113.35 crore from Rs 128.83 crore in year ago period.
Other Income grew by 22.28 per cent at Rs 36.22 crore versus (Mar'24 Rs 29.62 crore).
Operating Profit slipped by 67.00 per cent to Rs 124.72 crore as against Rs 377.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.75 per cent in March quarter.
Interest grew by 174.07 per cent y-o-y to Rs 5.18 crore, while Taxation decreased by 65.82 per cent at Rs 32.80 crore (Mar'24 Rs 95.95 crore).