The company reported standalone net profit of Rs 16.44 crore for the quarter ended June 30, 2020 as compared to Rs 12.90 crore in the same period last year, registering a year-on-year growth of 27.44 per cent. Net revenue of the company declined substantially by 31.51 per cent at Rs 160.00 crore in April-June quarter of this fiscal as against Rs 233.60 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 36.44 per cent to Rs 131.34 crore from Rs 206.63 crore in year ago period. Other Income dipped by 47.06 per cent at Rs 0.18 crore versus (Jun'19 Rs 0.34 crore).
Operating Profit surged by 6.23 per cent to Rs 28.65 crore as against Rs 26.97 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 55.06 per cent in June quarter. Interest declined by 17.27 per cent y-o-y to Rs 3.45 crore, while Taxation decreased by 20.79 per cent at Rs 5.60 crore (Jun'19 Rs 7.07 crore).