The company reported standalone net profit of Rs 22.98 crore for the quarter ended March 31, 2026 as compared to Rs 499.27 crore in the same period last year, registering a year-on-year decline of 95.40 per cent.

Net revenue of the company declined moderately by 10.41 per cent at Rs 351.30 crore in January-March quarter of this fiscal as against Rs 392.10 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 6.88 per cent to Rs 312.98 crore from Rs 336.12 crore in year ago period.

Other Income grew by 250.32 per cent at Rs 10.93 crore versus (Mar'25 Rs 3.12 crore).

Operating Profit slipped by 31.55 per cent to Rs 38.32 crore as against Rs 55.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.60 per cent in March quarter.

Interest declined by 28.47 per cent y-o-y to Rs 11.56 crore, while Taxation decreased by 88.78 per cent at Rs 9.49 crore (Mar'25 Rs 84.58 crore).