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The company reported standalone net profit of Rs 10.04 crore for the quarter ended March 31, 2021 as compared to Rs 114.00 crore in the same period last year, registering a year-on-year decline of 91.19 per cent. Net revenue of the company rose by 5.12 per cent at Rs 809.94 crore in January-March quarter of this fiscal as against Rs 770.47 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 8.64 per cent to Rs 735.20 crore from Rs 676.72 crore in year ago period. Other Income dipped by 43.47 per cent at Rs 10.95 crore versus (Mar'20 Rs 19.37 crore).

Operating Profit slipped by 15.30 per cent to Rs 93.10 crore as against Rs 109.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.48 per cent in March quarter. Interest declined by 29.39 per cent y-o-y to Rs 20.49 crore, while Taxation increased by 115.44 per cent at Rs 11.38 crore (Mar'20 Rs -73.69 crore).