A Balakrishnan retires as Executive Director; Q2 profit falls to Rs 23.47 crore
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Mr A Balakrishnan retired as Executive Director on 20 October 2025 after 27 years, will remain an adviser, and Mr Jayakrishnan Sasidharan will assume executive leadership. Consolidated quarterly operating revenue was Rs 169.80 crore versus Rs 218.46 crore a year earlier, while profit fell to Rs 23.47 crore from Rs 57.42 crore.
The planned succession limits management disruption, though the sharp profit decline may pressure the share price.