The company reported standalone net profit of Rs 178.39 crore for the quarter ended March 31, 2020 as compared to Rs 78.39 crore in the same period last year, registering a year-on-year growth of 127.57 per cent. Net revenue of the company declined substantially by 36.91 per cent at Rs 1,474.86 crore in January-March quarter of this fiscal as against Rs 2,337.56 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 37.86 per cent to Rs 1,385.27 crore from Rs 2,229.17 crore in year ago period. Other Income grew by 264.04 per cent at Rs 158.94 crore versus (Mar'19 Rs 43.66 crore).
Operating Profit slipped by 17.44 per cent to Rs 89.59 crore as against Rs 108.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 30.82 per cent in March quarter. Interest declined by 34.50 per cent y-o-y to Rs 18.47 crore, while Taxation increased by 12.25 per cent at Rs 50.29 crore (Mar'19 Rs 44.80 crore).