The company reported standalone net profit of Rs 81.14 crore for the quarter ended March 31, 2020 as compared to Rs 411.70 crore in the same period last year, registering a year-on-year decline of 80.29 per cent. Net revenue of the company declined moderately by 18.63 per cent at Rs 2,236.87 crore in January-March quarter of this fiscal as against Rs 2,749.15 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 15.10 per cent to Rs 1,895.48 crore from Rs 2,232.66 crore in year ago period. Other Income dipped by 13.59 per cent at Rs 140.41 crore versus (Mar'19 Rs 162.50 crore).
Operating Profit slipped by 33.90 per cent to Rs 341.39 crore as against Rs 516.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.79 per cent in March quarter. Interest grew by 56.37 per cent y-o-y to Rs 4.91 crore, while Taxation decreased by 111.38 per cent at Rs -17.04 crore (Mar'19 Rs 149.80 crore).