The company reported standalone net profit of Rs 28.39 crore for the quarter ended March 31, 2026 as compared to Rs 55.36 crore in the same period last year, registering a year-on-year decline of 48.72 per cent.

Net revenue of the company declined substantially by 34.59 per cent at Rs 151.65 crore in January-March quarter of this fiscal as against Rs 231.86 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 25.46 per cent to Rs 119.74 crore from Rs 160.63 crore in year ago period.

Other Income grew by 45.32 per cent at Rs 6.67 crore versus (Mar'25 Rs 4.59 crore).

Operating Profit slipped by 55.21 per cent to Rs 31.91 crore as against Rs 71.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.51 per cent in March quarter.

Interest declined by 37.50 per cent y-o-y to Rs 0.10 crore, while Taxation decreased by 53.00 per cent at Rs 9.08 crore (Mar'25 Rs 19.32 crore).