The company reported standalone net profit of Rs 7.13 crore for the quarter ended March 31, 2020 as compared to Rs 11.81 crore in the same period last year, registering a year-on-year decline of 39.63 per cent.
Net revenue of the company declined moderately by 16.54 per cent at Rs 144.82 crore in January-March quarter of this fiscal as against Rs 173.52 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 11.46 per cent to Rs 131.48 crore from Rs 148.50 crore in year ago period.
Other Income grew by 564.79 per cent at Rs 3.30 crore versus (Mar'19 Rs -0.71 crore). Operating Profit slipped by 46.66 per cent to Rs 13.34 crore as against Rs 25.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.09 per cent in March quarter. Interest grew by 319.35 per cent y-o-y to Rs 1.30 crore, while Taxation decreased by 43.59 per cent at Rs 3.17 crore (Mar'19 Rs 5.62 crore).