The company reported standalone net profit of Rs 242.45 crore for the quarter ended March 31, 2025 as compared to Rs 385.00 crore in the same period last year, registering a year-on-year decline of 37.03 per cent.
Net revenue of the company declined moderately by 8.85 per cent at Rs 690.84 crore in January-March quarter of this fiscal as against Rs 757.92 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 319.58 per cent to Rs 111.23 crore from Rs 26.51 crore in year ago period.
Operating Profit slipped by 20.76 per cent to Rs 579.60 crore as against Rs 731.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 13.06 per cent in March quarter.
Interest declined by 2.01 per cent y-o-y to Rs 339.60 crore, while Taxation increased by 504.35 per cent at Rs -2.78 crore (Mar'24 Rs -0.46 crore).