The company reported standalone net profit of Rs 13.00 crore for the quarter ended March 31, 2020 as compared to Rs 7.44 crore in the same period last year, registering a year-on-year growth of 74.73 per cent. Net revenue of the company rose by 0.71 per cent at Rs 73.50 crore in January-March quarter of this fiscal as against Rs 72.98 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 9.25 per cent to Rs 56.14 crore from Rs 61.86 crore in year ago period. Other Income grew by 26.14 per cent at Rs 2.22 crore versus (Mar'19 Rs 1.76 crore).
Operating Profit surged by 56.12 per cent to Rs 17.36 crore as against Rs 11.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 54.99 per cent in March quarter. Interest grew by 900.00 per cent y-o-y to Rs 0.10 crore, while Taxation increased by 12.34 per cent at Rs 4.37 crore (Mar'19 Rs 3.89 crore).