The company reported standalone net profit of Rs 62.68 crore for the quarter ended September 30, 2019 as compared to Rs 43.09 crore in the same period last year, registering a year-on-year growth of 45.46 per cent.
Net revenue of the company rose substantially by 28.77 per cent at Rs 345.17 crore in July-September quarter of this fiscal as against Rs 268.06 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 26.21 per cent to Rs 271.44 crore from Rs 215.07 crore in year ago period.
Other Income grew by 65.79 per cent at Rs 25.20 crore versus (Sep'18 Rs 15.20 crore). Operating Profit surged by 39.15 per cent to Rs 73.72 crore as against Rs 52.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.04 per cent in September quarter. Interest grew by 156.25 per cent y-o-y to Rs 0.82 crore, while Taxation increased by 64.05 per cent at Rs 25.87 crore (Sep'18 Rs 15.77 crore).