The company reported standalone net profit of Rs 44.63 crore for the quarter ended March 31, 2026 as compared to Rs 228.38 crore in the same period last year, registering a year-on-year decline of 80.46 per cent.

Net revenue of the company declined substantially by 25.67 per cent at Rs 988.71 crore in January-March quarter of this fiscal as against Rs 1,330.24 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 11.88 per cent to Rs 808.45 crore from Rs 917.43 crore in year ago period.

Other Income dipped by 0.11 per cent at Rs 28.07 crore versus (Mar'25 Rs 28.10 crore).

Operating Profit slipped by 56.33 per cent to Rs 180.26 crore as against Rs 412.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.25 per cent in March quarter.

Interest declined by 12.51 per cent y-o-y to Rs 94.96 crore, while Taxation decreased by 68.86 per cent at Rs 27.56 crore (Mar'25 Rs 88.51 crore).