The company reported standalone net profit of Rs 7.01 crore for the quarter ended March 31, 2025 as compared to Rs 19.48 crore in the same period last year, registering a year-on-year decline of 64.01 per cent.
Net revenue of the company declined moderately by 15.46 per cent at Rs 41.35 crore in January-March quarter of this fiscal as against Rs 48.91 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 38.27 per cent to Rs 89.78 crore from Rs 64.93 crore in year ago period.
Other Income grew by 1760.44 per cent at Rs 59.72 crore versus (Mar'24 Rs 3.21 crore).
Operating Profit surged by 202.31 per cent to Rs -48.43 crore as against Rs -16.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 257.45 per cent in March quarter.
Interest grew by 16.24 per cent y-o-y to Rs 4.58 crore, while Taxation decreased by 138.55 per cent at Rs -0.32 crore (Mar'24 Rs 0.83 crore).