The company reported standalone net profit of Rs 20.38 crore for the quarter ended March 31, 2025 as compared to Rs 41.13 crore in the same period last year, registering a year-on-year decline of 50.45 per cent.

Net revenue of the company declined marginally by 4.72 per cent at Rs 339.69 crore in January-March quarter of this fiscal as against Rs 356.50 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 2.21 per cent to Rs 306.17 crore from Rs 313.10 crore in year ago period.

Other Income dipped by 78.30 per cent at Rs 5.40 crore versus (Mar'24 Rs 24.89 crore).

Operating Profit slipped by 22.76 per cent to Rs 33.52 crore as against Rs 43.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.90 per cent in March quarter.

Interest declined by 14.29 per cent y-o-y to Rs 0.36 crore, while Taxation decreased by 63.59 per cent at Rs 5.01 crore (Mar'24 Rs 13.76 crore).