The company reported standalone net profit of Rs 101.80 crore for the quarter ended December 31, 2020 as compared to Rs 91.60 crore in the same period last year, registering a year-on-year growth of 11.14 per cent.
Net revenue of the company rose moderately by 12.52 per cent at Rs 584.10 crore in October-December quarter of this fiscal as against Rs 519.10 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 11.61 per cent to Rs 408.50 crore from Rs 366.00 crore in year ago period.
Other Income dipped by 14.50 per cent at Rs 17.10 crore versus (Dec'19 Rs 20.00 crore). Operating Profit surged by 14.70 per cent to Rs 175.60 crore as against Rs 153.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.93 per cent in December quarter. Interest declined by 27.55 per cent y-o-y to Rs 7.10 crore, while Taxation decreased by 4.08 per cent at Rs 14.10 crore (Dec'19 Rs 14.70 crore).