The company reported standalone net profit of Rs 16.20 crore for the quarter ended March 31, 2025 as compared to Rs 88.55 crore in the same period last year, registering a year-on-year decline of 81.71 per cent.
Net revenue of the company declined substantially by 46.60 per cent at Rs 187.60 crore in January-March quarter of this fiscal as against Rs 351.33 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 31.80 per cent to Rs 150.43 crore from Rs 220.58 crore in year ago period.
Other Income grew by 178.68 per cent at Rs 3.79 crore versus (Mar'24 Rs 1.36 crore).
Operating Profit slipped by 71.57 per cent to Rs 37.17 crore as against Rs 130.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 46.78 per cent in March quarter.
Interest declined by 10.03 per cent y-o-y to Rs 19.38 crore, while Taxation decreased by 96.26 per cent at Rs 0.69 crore (Mar'24 Rs 18.46 crore).