Mumbai, April 23 -- Despite the profit surge, total revenue from operations dipped 1.48% to Rs 609.93 crore in Q1 CY25 from Rs 619.11 crore posted in Q4 CY24.

However, on a year-on-year basis, the company's net profit increased marginally by 0.46%, despite a 0.03% drop in total revenue from operations in Q1 CY25 over Q1 CY24.

Profit before tax (PBT) in Q1 CY25 stood at Rs 34.72 crore, down 1.03% from Rs 35.08 crore recorded in the year-ago quarter.

The company reported EBIT of Rs 37.1 crore during the quarter, representing a decrease of 7% compared to the corresponding period last year. The EBIT margin was at 6.3% in Q1 CY25.

Dhananjay Salunkhe, managing director, said, "The company had a flat start to the year, with revenue for the q...