The company reported standalone net profit of Rs 21.97 crore for the quarter ended September 30, 2026 as compared to Rs 49.19 crore in the same period last year, registering a year-on-year decline of 55.34 per cent.

Net revenue of the company declined substantially by 56.66 per cent at Rs 133.25 crore in July-September quarter of this fiscal as against Rs 307.46 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 57.40 per cent to Rs 101.81 crore from Rs 238.98 crore in year ago period.

Other Income grew by 37.88 per cent at Rs 8.19 crore versus (Sep'25 Rs 5.94 crore).

Operating Profit slipped by 54.09 per cent to Rs 31.44 crore as against Rs 68.48 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.93 per cent in September quarter.

Interest grew by 26.56 per cent y-o-y to Rs 3.05 crore, while Taxation decreased by 55.97 per cent at Rs 7.56 crore (Sep'25 Rs 17.17 crore).