The company reported standalone net profit of Rs 14.18 crore for the quarter ended March 31, 2026 as compared to Rs 23.24 crore in the same period last year, registering a year-on-year decline of 38.98 per cent.

Net revenue of the company declined substantially by 23.45 per cent at Rs 304.28 crore in January-March quarter of this fiscal as against Rs 397.49 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 21.68 per cent to Rs 280.79 crore from Rs 358.52 crore in year ago period.

Other Income grew by 211.23 per cent at Rs 11.92 crore versus (Mar'25 Rs 3.83 crore).

Operating Profit slipped by 39.71 per cent to Rs 23.49 crore as against Rs 38.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.22 per cent in March quarter.

Interest declined by 10.77 per cent y-o-y to Rs 8.37 crore, while Taxation decreased by 14.40 per cent at Rs 5.53 crore (Mar'25 Rs 6.46 crore).