The company reported standalone net profit of Rs 6.44 crore for the quarter ended March 31, 2025 as compared to Rs 24.18 crore in the same period last year, registering a year-on-year decline of 73.37 per cent.
Net revenue of the company declined substantially by 22.65 per cent at Rs 382.86 crore in January-March quarter of this fiscal as against Rs 494.94 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 18.85 per cent to Rs 362.00 crore from Rs 446.09 crore in year ago period.
Other Income grew by 34.71 per cent at Rs 8.46 crore versus (Mar'24 Rs 6.28 crore).
Operating Profit slipped by 57.30 per cent to Rs 20.86 crore as against Rs 48.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.78 per cent in March quarter.
Interest grew by 2.26 per cent y-o-y to Rs 5.43 crore, while Taxation decreased by 74.43 per cent at Rs 2.45 crore (Mar'24 Rs 9.58 crore).