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The company reported standalone net profit of Rs 24.71 crore for the quarter ended June 30, 2019 as compared to Rs 18.67 crore in the same period last year, registering a year-on-year growth of 32.35 per cent. Net revenue of the company rose moderately by 7.40 per cent at Rs 94.36 crore in April-June quarter of this fiscal as against Rs 87.86 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 0.19 per cent to Rs 56.79 crore from Rs 56.90 crore in year ago period. Other Income grew by 96.55 per cent at Rs 2.28 crore versus (Jun'18 Rs 1.16 crore). Operating Profit surged by 21.38 per cent to Rs 37.58 crore as against Rs 30.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.00 per cent in June quarter. Taxation increased by 11.81 per cent at Rs 11.08 crore (Jun'18 Rs 9.91 crore).