Thew company had clocked Rs 28.40 crore net profit in the October-December quarter of the last fiscal, it said in a BSE filing.
Total income of the company fell to Rs 267.78 crore from Rs 391.62 crore reported in the corresponding quarter a year earlier.
Expenses, however, also declined to Rs 261.98 crore from Rs 367 crore a year ago.
Shares of the company today settled at Rs 181.60 apiece, down 1.47 per cent over the previous closing in BSE.
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