The company reported standalone net profit of Rs 111.18 crore for the quarter ended March 31, 2020 as compared to Rs 7.44 crore in the same period last year, registering a year-on-year growth of 1394.35 per cent. Net revenue of the company declined moderately by 8.57 per cent at Rs 778.44 crore in January-March quarter of this fiscal as against Rs 851.44 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 13.77 per cent to Rs 697.72 crore from Rs 809.13 crore in year ago period. Other Income grew by 1612.01 per cent at Rs 82.69 crore versus (Mar'19 Rs 4.83 crore).
Operating Profit surged by 67.24 per cent to Rs 93.64 crore as against Rs 55.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 82.83 per cent in March quarter. Interest grew by 11.88 per cent y-o-y to Rs 36.17 crore, while Taxation decreased by 21.90 per cent at Rs -0.82 crore (Mar'19 Rs -1.05 crore).