The company reported standalone net profit of Rs 50.42 crore for the quarter ended June 30, 2020 as compared to Rs 35.91 crore in the same period last year, registering a year-on-year growth of 40.41 per cent. Net revenue of the company rose marginally by 4.14 per cent at Rs 428.68 crore in April-June quarter of this fiscal as against Rs 411.64 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 1.25 per cent to Rs 350.44 crore from Rs 346.11 crore in year ago period. Other Income dipped by 12.22 per cent at Rs 4.24 crore versus (Jun'19 Rs 4.83 crore).
Operating Profit surged by 19.40 per cent to Rs 78.24 crore as against Rs 65.53 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.64 per cent in June quarter. Interest declined by 16.28 per cent y-o-y to Rs 5.09 crore, while Taxation increased by 34.36 per cent at Rs 8.25 crore (Jun'19 Rs 6.14 crore).