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The company reported standalone net profit of Rs 32.68 crore for the quarter ended December 31, 2019 as compared to Rs 29.16 crore in the same period last year, registering a year-on-year growth of 12.07 per cent. Net revenue of the company declined by 5.48 per cent at Rs 208.48 crore in October-December quarter of this fiscal as against Rs 220.56 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 14.01 per cent to Rs 178.32 crore from Rs 207.38 crore in year ago period. Other Income dipped by 14.67 per cent at Rs 27.51 crore versus (Dec'18 Rs 32.24 crore).
Operating Profit surged by 128.83 per cent to Rs 30.16 crore as against Rs 13.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 141.97 per cent in December quarter. Interest declined by 55.07 per cent y-o-y to Rs 2.35 crore, while Taxation increased by 157.30 per cent at Rs 14.46 crore (Dec'18 Rs 5.62 crore).