Consolidated profit after tax fell nearly 53% to 172.4 million rupees ($2.08 million) in the three months ended Dec.31, according to an exchange filing.
Analysts, on average, had expected profit to fall to 331.1 million rupees, according to data from LSEG.
($1 = 83.0180 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Janane Venkatraman)