The company reported standalone net profit of Rs 17.20 crore for the quarter ended March 31, 2025 as compared to Rs 66.70 crore in the same period last year, registering a year-on-year decline of 74.21 per cent.

Net revenue of the company rose marginally by 1.70 per cent at Rs 587.60 crore in January-March quarter of this fiscal as against Rs 577.80 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 27.55 per cent to Rs 467.20 crore from Rs 366.30 crore in year ago period.

Other Income grew by 67.92 per cent at Rs 151.30 crore versus (Mar'24 Rs 90.10 crore).

Operating Profit slipped by 43.07 per cent to Rs 120.40 crore as against Rs 211.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.02 per cent in March quarter.

Interest declined by 6.96 per cent y-o-y to Rs 145.80 crore, while Taxation increased by 109.09 per cent at Rs 3.10 crore (Mar'24 Rs -34.10 crore).