The company reported standalone net profit of Rs 23.70 crore for the quarter ended March 31, 2025 as compared to Rs 38.36 crore in the same period last year, registering a year-on-year decline of 38.22 per cent.

Net revenue of the company declined moderately by 9.45 per cent at Rs 463.33 crore in January-March quarter of this fiscal as against Rs 511.69 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 4.35 per cent to Rs 423.27 crore from Rs 442.50 crore in year ago period.

Other Income grew by 39.43 per cent at Rs 6.40 crore versus (Mar'24 Rs 4.59 crore).

Operating Profit slipped by 30.15 per cent to Rs 48.33 crore as against Rs 69.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.86 per cent in March quarter.

Interest declined by 9.15 per cent y-o-y to Rs 8.34 crore, while Taxation decreased by 22.79 per cent at Rs 12.60 crore (Mar'24 Rs 16.32 crore).