The company reported standalone net profit of Rs 20.09 crore for the quarter ended September 30, 2019 as compared to Rs 15.71 crore in the same period last year, registering a year-on-year growth of 27.88 per cent.
Net revenue of the company rose moderately by 6.41 per cent at Rs 150.39 crore in July-September quarter of this fiscal as against Rs 141.33 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 11.47 per cent to Rs 127.72 crore from Rs 114.58 crore in year ago period.
Other Income dipped by 19.29 per cent at Rs 2.26 crore versus (Sep'18 Rs 2.80 crore). Operating Profit slipped by 15.25 per cent to Rs 22.67 crore as against Rs 26.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.39 per cent in September quarter. Interest grew by 83.33 per cent y-o-y to Rs 0.33 crore, while Taxation decreased by 95.20 per cent at Rs 0.47 crore (Sep'18 Rs 9.79 crore).