The company reported standalone net profit of Rs 2.09 crore for the quarter ended March 31, 2025 as compared to Rs 4.85 crore in the same period last year, registering a year-on-year decline of 56.91 per cent.

Net revenue of the company rose substantially by 43.78 per cent at Rs 466.48 crore in January-March quarter of this fiscal as against Rs 324.45 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 45.68 per cent to Rs 460.19 crore from Rs 315.90 crore in year ago period.

Other Income dipped by 37.84 per cent at Rs 0.23 crore versus (Mar'24 Rs 0.37 crore).

Operating Profit slipped by 26.43 per cent to Rs 6.29 crore as against Rs 8.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.86 per cent in March quarter.

Interest grew by 52.53 per cent y-o-y to Rs 3.02 crore, while Taxation decreased by 37.13 per cent at Rs 1.27 crore (Mar'24 Rs 2.02 crore).