The company reported standalone net profit of Rs 46.70 crore for the quarter ended June 30, 2020 as compared to Rs 41.73 crore in the same period last year, registering a year-on-year growth of 11.91 per cent. Net revenue of the company declined substantially by 20.52 per cent at Rs 281.69 crore in April-June quarter of this fiscal as against Rs 354.42 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 23.72 per cent to Rs 216.29 crore from Rs 283.56 crore in year ago period. Other Income dipped by 39.00 per cent at Rs 1.22 crore versus (Jun'19 Rs 2.00 crore).
Operating Profit slipped by 7.71 per cent to Rs 65.40 crore as against Rs 70.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.16 per cent in June quarter. Interest declined by 63.10 per cent y-o-y to Rs 1.86 crore, while Taxation decreased by 30.57 per cent at Rs 14.74 crore (Jun'19 Rs 21.23 crore).