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The company reported standalone net profit of Rs 12.32 crore for the quarter ended June 30, 2019 as compared to Rs 3.82 crore in the same period last year, registering a year-on-year growth of 222.51 per cent. Net revenue of the company rose marginally by 1.04 per cent at Rs 68.85 crore in April-June quarter of this fiscal as against Rs 68.14 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 3.02 per cent to Rs 64.78 crore from Rs 62.88 crore in year ago period.
Other Income dipped by 32.78 per cent at Rs 4.04 crore versus (Jun'18 Rs 6.01 crore). Operating Profit slipped by 22.62 per cent to Rs 4.07 crore as against Rs 5.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.35 per cent in June quarter. Interest declined by 1.52 per cent y-o-y to Rs 2.59 crore, while Taxation decreased by 855.97 per cent at Rs -10.13 crore (Jun'18 Rs 1.34 crore).