The company reported standalone net profit of Rs 11.81 crore for the quarter ended March 31, 2025 as compared to Rs 17.33 crore in the same period last year, registering a year-on-year decline of 31.85 per cent.
Net revenue of the company declined substantially by 59.19 per cent at Rs 189.03 crore in January-March quarter of this fiscal as against Rs 463.19 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 55.20 per cent to Rs 178.26 crore from Rs 397.90 crore in year ago period.
Other Income grew by 1037.86 per cent at Rs 11.72 crore versus (Mar'24 Rs 1.03 crore).
Operating Profit slipped by 83.52 per cent to Rs 10.76 crore as against Rs 65.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 59.62 per cent in March quarter.
Interest declined by 80.20 per cent y-o-y to Rs 9.95 crore, while Taxation increased by 130.43 per cent at Rs 0.53 crore (Mar'24 Rs 0.23 crore).