The company reported standalone net profit of Rs 28.23 crore for the quarter ended March 31, 2020 as compared to Rs 41.87 crore in the same period last year, registering a year-on-year decline of 32.58 per cent. Net revenue of the company declined substantially by 23.69 per cent at Rs 459.09 crore in
January-March quarter of this fiscal as against Rs 601.58 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 22.60 per cent to Rs 396.27 crore from Rs 512.00 crore in year ago period.
Other Income dipped by 47.83 per cent at Rs 1.08 crore versus (Mar'19 Rs 2.07 crore). Operating Profit slipped by 29.87 per cent to Rs 62.82 crore as against Rs 89.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.13 per cent in March quarter. Interest grew by 5.46 per cent y-o-y to Rs 23.18 crore, while Taxation decreased by 67.08 per cent at Rs 7.51 crore (Mar'19 Rs 22.81 crore).