The company reported standalone net profit of Rs 69.78 crore for the quarter ended September 30, 2020 as compared to Rs 30.80 crore in the same period last year, registering a year-on-year growth of 126.56 per cent. Net revenue of the company rose moderately by 16.37 per cent at Rs 515.16 crore in July-September quarter of this fiscal as against Rs 442.71 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 7.60 per cent to Rs 406.19 crore from Rs 377.49 crore in year ago period. Other Income grew by 23.81 per cent at Rs 0.26 crore versus (Sep'19 Rs 0.21 crore).
Operating Profit surged by 67.08 per cent to Rs 108.97 crore as against Rs 65.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 43.58 per cent in September quarter. Interest declined by 13.61 per cent y-o-y to Rs 6.98 crore, while Taxation increased by 36.67 per cent at Rs 20.50 crore (Sep'19 Rs 15.00 crore).