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The company reported standalone net profit of Rs 19.58 crore for the quarter ended December 31, 2019 as compared to Rs 19.36 crore in the same period last year, registering a year-on-year growth of 1.14 per cent.
Net revenue of the company rose marginally by 4.20 per cent at Rs 254.81 crore in October-December quarter of this fiscal as against Rs 244.53 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 6.63 per cent to Rs 221.49 crore from Rs 207.72 crore in year ago period. Other Income dipped by 43.64 per cent at Rs 0.62 crore versus (Dec'18 Rs 1.10 crore).
Operating Profit slipped by 9.48 per cent to Rs 33.32 crore as against Rs 36.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 13.09 per cent in December quarter. Interest declined by 5.14 per cent y-o-y to Rs 3.69 crore, while Taxation decreased by 39.10 per cent at Rs 7.04 crore (Dec'18 Rs 11.56 crore).