The company reported standalone net profit of Rs 4.04 crore for the quarter ended March 31, 2025 as compared to Rs 9.82 crore in the same period last year, registering a year-on-year decline of 58.86 per cent.

Net revenue of the company declined substantially by 34.03 per cent at Rs 137.66 crore in January-March quarter of this fiscal as against Rs 208.66 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 31.89 per cent to Rs 132.84 crore from Rs 195.04 crore in year ago period.

Other Income grew by 173.63 per cent at Rs 2.49 crore versus (Mar'24 Rs 0.91 crore).

Operating Profit slipped by 64.61 per cent to Rs 4.82 crore as against Rs 13.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 46.40 per cent in March quarter.

Interest grew by 85.71 per cent y-o-y to Rs 0.52 crore, while Taxation decreased by 46.11 per cent at Rs 1.80 crore (Mar'24 Rs 3.34 crore).