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The company reported standalone net profit of Rs 41.96 crore for the quarter ended March 31, 2021 as compared to Rs 58.49 crore in the same period last year, registering a year-on-year decline of 28.26 per cent. Net revenue of the company declined by 5.89 per cent at Rs 311.55 crore in January-March quarter of this fiscal as against Rs 331.05 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 9.86 per cent to Rs 274.20 crore from Rs 304.19 crore in year ago period. Other Income dipped by 47.94 per cent at Rs 22.10 crore versus (Mar'20 Rs 42.45 crore).

Operating Profit surged by 39.05 per cent to Rs 37.35 crore as against Rs 26.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 47.84 per cent in March quarter. Interest grew by 6.06 per cent y-o-y to Rs 1.05 crore, while Taxation increased by 1236.54 per cent at Rs 6.95 crore (Mar'20 Rs 0.52 crore).