The company reported standalone net profit of Rs 16.22 crore for the quarter ended September 30, 2019 as compared to Rs 6.99 crore in the same period last year, registering a year-on-year growth of 132.05 per cent. Net revenue of the company rose moderately by 9.02 per cent at Rs 1,323.19 crore in July-September quarter of this fiscal as against Rs 1,213.74 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 5.73 per cent to Rs 932.47 crore from Rs 881.92 crore in year ago period. Other Income dipped by 6.58 per cent at Rs 8.09 crore versus (Sep'18 Rs 8.66 crore). Operating Profit surged by 17.75 per cent to Rs 390.72 crore as against Rs 331.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.01 per cent in September quarter. Interest grew by 10.29 per cent y-o-y to Rs 155.62 crore, while Taxation increased by 195.00 per cent at Rs 7.67 crore (Sep'18 Rs 2.60 crore).


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