₹3,797.08 crore in the three months ended 31 March from ₹3,481.90 crore a year earlier, the company said in a filing to the stock exchanges on Friday evening.
That compares with the ₹3,511.50 crore profit estimate in a Bloomberg survey of 14 analysts.Revenue from operations, however, dropped 6.4% to ₹11,420.04 crore from a year earlier.
Analysts had estimated net sales of ₹11,831.7 crore.The lockdown hit the company’s hotels, education and stationery products business the most, the company said in a statement.“Just as the business environment was showing signs of an incipient recovery in the beginning of the fourth quarter, the onset of covid-19 pandemic changed the situation dramatically.