The company reported standalone net profit of Rs 14.05 crore for the quarter ended September 30, 2019 as compared to Rs 20.13 crore in the same period last year, registering a year-on-year decline of 30.20 per cent. Net revenue of the company rose moderately by 9.97 per cent at Rs 144.96 crore in July-September quarter of this fiscal as against Rs 131.82 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 3.18 per cent to Rs 64.17 crore from Rs 62.19 crore in year ago period. Other Income dipped by 71.43 per cent at Rs 0.06 crore versus (Sep'18 Rs 0.21 crore). Operating Profit surged by 16.03 per cent to Rs 80.79 crore as against Rs 69.63 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.51 per cent in September quarter. Interest grew by 50.96 per cent y-o-y to Rs 57.91 crore, while Taxation decreased by 23.72 per cent at Rs 8.49 crore (Sep'18 Rs 11.13 crore).