The company reported standalone net profit of Rs 2.18 crore for the quarter ended March 31, 2026 as compared to Rs 4.39 crore in the same period last year, registering a year-on-year decline of 50.34 per cent.

Net revenue of the company declined substantially by 27.29 per cent at Rs 70.54 crore in January-March quarter of this fiscal as against Rs 97.01 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 23.08 per cent to Rs 69.87 crore from Rs 90.84 crore in year ago period.

Other Income grew by 20.66 per cent at Rs 4.38 crore versus (Mar'25 Rs 3.63 crore).

Operating Profit slipped by 89.14 per cent to Rs 0.67 crore as against Rs 6.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 85.22 per cent in March quarter.

Interest declined by 44.83 per cent y-o-y to Rs 1.12 crore, while Taxation decreased by 87.10 per cent at Rs 1.06 crore (Mar'25 Rs 8.22 crore).