The company reported standalone net profit during the quarter stood at Rs 162.60 crore compared to net loss of Rs 10.65 crore in the previous year quarter. Net revenue of the company declined moderately by 16.72 per cent at Rs 823.89 crore in July-September quarter of this fiscal as against Rs 989.29 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 18.47 per cent to Rs 705.01 crore from Rs 864.72 crore in year ago period. Other Income grew by 61.83 per cent at Rs 15.18 crore versus (Sep'18 Rs 9.38 crore). Operating Profit slipped by 4.57 per cent to Rs 118.88 crore as against Rs 124.57 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.61 per cent in September quarter. Interest declined by 8.73 per cent y-o-y to Rs 12.02 crore, while Taxation increased by 1095.25 per cent at Rs -62.87 crore (Sep'18 Rs -5.26 crore).