The company reported standalone net profit of Rs 45.00 crore for the quarter ended March 31, 2020 as compared to Rs 19.00 crore in the same period last year, registering a year-on-year growth of 136.84 per cent. Net revenue of the company rose moderately by 11.59 per cent at Rs 154.00 crore in January-March quarter of this fiscal as against Rs 138.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 8.25 per cent to Rs 105.00 crore from Rs 97.00 crore in year ago period. Other Income grew by 40.00 per cent at Rs 14.00 crore versus (Mar'19 Rs 10.00 crore).
Operating Profit surged by 19.51 per cent to Rs 49.00 crore as against Rs 41.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.10 per cent in March quarter. Taxation increased by 27.27 per cent at Rs 14.00 crore (Mar'19 Rs 11.00 crore).