The company reported standalone net profit of Rs 20.55 crore for the quarter ended March 31, 2020 as compared to Rs 17.91 crore in the same period last year, registering a year-on-year growth of 14.74 per cent. Net revenue of the company rose moderately by 14.42 per cent at Rs 21.03 crore in January-March quarter of this fiscal as against Rs 18.38 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 3.70 per cent to Rs 0.28 crore from Rs 0.27 crore in year ago period.
Operating Profit surged by 14.63 per cent to Rs 20.76 crore as against Rs 18.11 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.15 per cent in March quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.26 crore, while Taxation decreased by 131.58 per cent at Rs -0.06 crore (Mar'19 Rs 0.19 crore).