Overview

• Consolidated net profit for the quarter ended March 31 slid 22.4% to Rs 20.3 crore from Rs 26.1 crore a year earlier.
• Revenue declined 9% to Rs 2,062 crore, falling short of the Rs 2,077 crore consensus estimate tracked by Bloomberg.
• EBITDA contracted 5.3% to Rs 133 crore while the profit margin widened slightly to 6.5% from 6.2% in the year-ago period.
• Net profit missed the Bloomberg forecast of Rs 26.6 crore, underscoring the weaker-than-expected quarterly performance.
• Shares closed at Rs 200.80 on the NSE, down 1.81%, despite a more than 16% advance in the past six months after an August 2024 peak.