The company reported standalone net profit of Rs 46.08 crore for the quarter ended March 31, 2025 as compared to Rs 55.95 crore in the same period last year, registering a year-on-year decline of 17.64 per cent.

Net revenue of the company declined moderately by 17.02 per cent at Rs 361.02 crore in January-March quarter of this fiscal as against Rs 435.06 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 16.52 per cent to Rs 296.53 crore from Rs 355.20 crore in year ago period.

Other Income grew by 27.23 per cent at Rs 7.71 crore versus (Mar'24 Rs 6.06 crore).

Operating Profit slipped by 19.25 per cent to Rs 64.49 crore as against Rs 79.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.72 per cent in March quarter.

Interest grew by 91.24 per cent y-o-y to Rs 8.51 crore, while Taxation decreased by 33.45 per cent at Rs 15.80 crore (Mar'24 Rs 23.74 crore).