The company reported standalone net profit of Rs 153.11 crore for the quarter ended March 31, 2020 as compared to Rs 113.07 crore in the same period last year, registering a year-on-year growth of 35.41 per cent. Net revenue of the company declined moderately by 6.56 per cent at Rs 1,430.42 crore in January-March quarter of this fiscal as against Rs 1,530.88 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 12.96 per cent to Rs 1,156.66 crore from Rs 1,328.81 crore in year ago period. Other Income dipped by 98.06 per cent at Rs 0.06 crore versus (Mar'19 Rs 3.10 crore).
Operating Profit surged by 35.48 per cent to Rs 273.76 crore as against Rs 202.07 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 45.00 per cent in March quarter. Interest declined by 34.58 per cent y-o-y to Rs 4.20 crore, while Taxation increased by 30.27 per cent at Rs 63.65 crore (Mar'19 Rs 48.86 crore).