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The company reported standalone net profit of Rs 16.25 crore for the quarter ended March 31, 2021 as compared to Rs 21.08 crore in the same period last year, registering a year-on-year decline of 22.91 per cent. Net revenue of the company declined moderately by 8.15 per cent at Rs 48.46 crore in January-March quarter of this fiscal as against Rs 52.76 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 0.65 per cent to Rs 32.59 crore from Rs 32.38 crore in year ago period. Other Income dipped by 20.40 per cent at Rs 7.96 crore versus (Mar'20 Rs 10.00 crore).

Operating Profit slipped by 22.08 per cent to Rs 15.88 crore as against Rs 20.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.20 per cent in March quarter. Interest declined by 6.67 per cent y-o-y to Rs 0.42 crore, while Taxation decreased by 22.87 per cent at Rs 5.80 crore (Mar'20 Rs 7.52 crore).