The company reported standalone net profit of Rs 55.90 crore for the quarter ended September 30, 2019 as compared to Rs 35.39 crore in the same period last year, registering a year-on-year growth of 57.95 per cent. Net revenue of the company rose substantially by 22.79 per cent at Rs 631.98 crore in July-September quarter of this fiscal as against Rs 514.69 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 23.74 per cent to Rs 524.34 crore from Rs 423.73 crore in year ago period.
Other Income dipped by 36.55 per cent at Rs 5.78 crore versus (Sep'18 Rs 9.11 crore). Operating Profit surged by 18.35 per cent to Rs 107.65 crore as against Rs 90.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.62 per cent in September quarter. Interest grew by 19.84 per cent y-o-y to Rs 25.07 crore, while Taxation decreased by 93.32 per cent at Rs 1.22 crore (Sep'18 Rs 18.25 crore).