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The company reported standalone net profit of Rs 20.16 crore for the quarter ended June 30, 2019 as compared to Rs 5.25 crore in the same period last year, registering a year-on-year growth of 284.00 per cent. Net revenue of the company declined moderately by 9.35 per cent at Rs 498.21 crore in April-June quarter of this fiscal as against Rs 549.60 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 13.05 per cent to Rs 403.64 crore from Rs 464.21 crore in year ago period.
Other Income grew by 112.17 per cent at Rs 2.44 crore versus (Jun'18 Rs 1.15 crore). Operating Profit surged by 10.75 per cent to Rs 94.57 crore as against Rs 85.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 22.14 per cent in June quarter. Interest declined by 10.86 per cent y-o-y to Rs 23.24 crore, while Taxation increased by 166.83 per cent at Rs 10.86 crore (Jun'18 Rs 4.07 crore).