The company reported standalone net profit of Rs 60.09 crore for the quarter ended March 31, 2025 as compared to Rs 78.22 crore in the same period last year, registering a year-on-year decline of 23.18 per cent.

Net revenue of the company declined marginally by 4.60 per cent at Rs 410.63 crore in January-March quarter of this fiscal as against Rs 430.42 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 5.88 per cent to Rs 339.37 crore from Rs 320.51 crore in year ago period.

Other Income grew by 52.01 per cent at Rs 26.51 crore versus (Mar'24 Rs 17.44 crore).

Operating Profit slipped by 35.17 per cent to Rs 71.26 crore as against Rs 109.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.07 per cent in March quarter.

Interest declined by 57.26 per cent y-o-y to Rs 2.12 crore, while Taxation decreased by 28.06 per cent at Rs 21.43 crore (Mar'24 Rs 29.79 crore).