The company reported standalone net profit of Rs 52.15 crore for the quarter ended September 30, 2019 as compared to Rs 37.82 crore in the same period last year, registering a year-on-year growth of 37.89 per cent.
Net revenue of the company rose marginally by 4.41 per cent at Rs 589.35 crore in July-September quarter of this fiscal as against Rs 564.45 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 1.30 per cent to Rs 496.59 crore from Rs 490.22 crore in year ago period.
Other Income grew by 755.00 per cent at Rs 8.55 crore versus (Sep'18 Rs 1.00 crore). Operating Profit surged by 24.96 per cent to Rs 92.76 crore as against Rs 74.23 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.70 per cent in September quarter. Interest declined by 30.26 per cent y-o-y to Rs 10.81 crore, while Taxation increased by 100.38 per cent at Rs 21.34 crore (Sep'18 Rs 10.65 crore).