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The company reported standalone net profit of Rs 129.06 crore for the quarter ended June 30, 2019 as compared to Rs 90.07 crore in the same period last year, registering a year-on-year growth of 43.29 per cent. Net revenue of the company rose marginally by 3.52 per cent at Rs 1,361.16 crore in April-June quarter of this fiscal as against Rs 1,314.85 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 1.88 per cent to Rs 1,115.61 crore from Rs 1,136.95 crore in year ago period.
Other Income grew by 14.58 per cent at Rs 3.30 crore versus (Jun'18 Rs 2.88 crore). Operating Profit surged by 38.03 per cent to Rs 245.55 crore as against Rs 177.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 33.33 per cent in June quarter. Interest grew by 5.00 per cent y-o-y to Rs 3.57 crore, while Taxation increased by 47.72 per cent at Rs 67.64 crore (Jun'18 Rs 45.79 crore).