The company reported standalone net profit of Rs 92.90 crore for the quarter ended March 31, 2026 as compared to Rs 224.74 crore in the same period last year, registering a year-on-year decline of 58.66 per cent.
Net revenue of the company declined substantially by 43.29 per cent at Rs 893.00 crore in January-March quarter of this fiscal as against Rs 1,574.77 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 39.88 per cent to Rs 771.34 crore from Rs 1,283.10 crore in year ago period.
Other Income dipped by 27.08 per cent at Rs 27.68 crore versus (Mar'25 Rs 37.96 crore).
Operating Profit slipped by 58.29 per cent to Rs 121.66 crore as against Rs 291.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.46 per cent in March quarter.
Interest declined by 41.62 per cent y-o-y to Rs 2.30 crore, while Taxation decreased by 57.11 per cent at Rs 32.89 crore (Mar'25 Rs 76.69 crore).