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The company reported standalone net profit of Rs 21.85 crore for the quarter ended June 30, 2022 as compared to Rs 31.19 crore in the same period last year, registering a year-on-year decline of 29.95 per cent. Net revenue of the company rose moderately by 18.87 per cent at Rs 335.38 crore in April-June quarter of this fiscal as against Rs 282.14 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 31.45 per cent to Rs 293.27 crore from Rs 223.10 crore in year ago period.

Other Income dipped by 53.85 per cent at Rs 0.42 crore versus (Jun'21 Rs 0.91 crore). Operating Profit slipped by 28.68 per cent to Rs 42.11 crore as against Rs 59.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 39.99 per cent in June quarter. Interest declined by 25.46 per cent y-o-y to Rs 10.63 crore, while Taxation decreased by 55.08 per cent at Rs 3.45 crore (Jun'21 Rs 7.68 crore).