The company reported standalone net profit of Rs 11.06 crore for the quarter ended September 30, 2019 as compared to Rs 4.95 crore in the same period last year, registering a year-on-year growth of 123.43 per cent.
Net revenue of the company rose substantially by 58.78 per cent at Rs 119.48 crore in July-September quarter of this fiscal as against Rs 75.25 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 64.68 per cent to Rs 106.35 crore from Rs 64.58 crore in year ago period.
Other Income grew by 47.22 per cent at Rs 0.53 crore versus (Sep'18 Rs 0.36 crore). Operating Profit surged by 23.06 per cent to Rs 13.13 crore as against Rs 10.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.50 per cent in September quarter. Interest grew by 9.52 per cent y-o-y to Rs 0.46 crore, while Taxation decreased by 152.61 per cent at Rs -1.41 crore (Sep'18 Rs 2.68 crore).
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The company reported standalone net profit of Rs 11.06 crore for the quarter ended September 30, 2019 as compared to Rs 4.95 crore in the same period last year, registering a year-on-year growth of 123.43 per cent.
Net revenue of the company rose substantially by 58.78 per cent at Rs 119.48 crore in July-September quarter of this fiscal as against Rs 75.25 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 64.68 per cent to Rs 106.35 crore from Rs 64.58 crore in year ago period.
Other Income grew by 47.22 per cent at Rs 0.53 crore versus (Sep'18 Rs 0.36 crore). Operating Profit surged by 23.06 per cent to Rs 13.13 crore as against Rs 10.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.50 per cent in September quarter. Interest grew by 9.52 per cent y-o-y to Rs 0.46 crore, while Taxation decreased by 152.61 per cent at Rs -1.41 crore (Sep'18 Rs 2.68 crore).
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