Mumbai, July 11 -- Profit before tax (PBT) slumped 35.92% to Rs 308.84 crore during the quarter ended 30 June 2025.

Total expenses increased 59.90% YoY to Rs 1,655 crore in Q1 FY26. Finance cost stood at Rs 1,218.27 crore (up 24.96%), employee benefit expense was at Rs 21.23 crore (up 7% YoY), while corporate social responsibility (CSR) expenses stood at Rs 8.15 crore (up 31.66% YoY) during the period under review.

Operating profit stood at Rs 677 crore in Q1 FY26, up 49.11% as compared with Rs 454 crore in Q1 FY25.

The cost of borrowing declined to 7.40% in Q1 FY26, compared to 7.78% in the corresponding quarter of the previous fiscal.

Net interest margin increased 3.60% during the quarter as compared with 3.29% recorded in correspon...