The company reported standalone net profit of Rs 36.99 crore for the quarter ended September 30, 2019 as compared to Rs 46.40 crore in the same period last year, registering a year-on-year decline of 20.28 per cent. Net revenue of the company declined substantially by 29.02 per cent at Rs 66.43 crore in July-September quarter of this fiscal as against Rs 93.59 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 4.72 per cent to Rs 29.90 crore from Rs 31.38 crore in year ago period. Other Income grew by 21.33 per cent at Rs 8.93 crore versus (Sep'18 Rs 7.36 crore). Operating Profit slipped by 41.28 per cent to Rs 36.53 crore as against Rs 62.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.27 per cent in September quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.19 crore, while Taxation decreased by 70.79 per cent at Rs 6.56 crore (Sep'18 Rs 22.46 crore).