The company reported standalone net profit of Rs 180.26 crore for the quarter ended March 31, 2025 as compared to Rs 346.02 crore in the same period last year, registering a year-on-year decline of 47.90 per cent.
Net revenue of the company declined substantially by 23.43 per cent at Rs 1,031.35 crore in January-March quarter of this fiscal as against Rs 1,346.99 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 15.72 per cent to Rs 684.61 crore from Rs 812.34 crore in year ago period.
Other Income grew by 29.81 per cent at Rs 2.09 crore versus (Mar'24 Rs 1.61 crore).
Operating Profit slipped by 35.15 per cent to Rs 346.74 crore as against Rs 534.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.29 per cent in March quarter.
Interest grew by 39.16 per cent y-o-y to Rs 78.50 crore, while Taxation decreased by 46.41 per cent at Rs 62.89 crore (Mar'24 Rs 117.35 crore).