The company reported standalone net profit of Rs 24.08 crore for the quarter ended June 30, 2020 as compared to Rs 35.94 crore in the same period last year, registering a year-on-year decline of 33.00 per cent. Net revenue of the company rose moderately by 14.30 per cent at Rs 409.60 crore in April-June quarter of this fiscal as against Rs 358.36 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 22.06 per cent to Rs 360.39 crore from Rs 295.25 crore in year ago period. Other Income dipped by 4.27 per cent at Rs 1.12 crore versus (Jun'19 Rs 1.17 crore).
Operating Profit slipped by 22.03 per cent to Rs 49.21 crore as against Rs 63.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.80 per cent in June quarter. Interest declined by 67.30 per cent y-o-y to Rs 2.25 crore, while Taxation decreased by 49.29 per cent at Rs 7.90 crore (Jun'19 Rs 15.58 crore).