The company reported standalone net profit of Rs 24.04 crore for the quarter ended September 30, 2019 as compared to Rs 20.37 crore in the same period last year, registering a year-on-year growth of 18.02 per cent.

Net revenue of the company rose moderately by 11.70 per cent at Rs 247.17 crore in July-September quarter of this fiscal as against Rs 221.29 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 9.86 per cent to Rs 227.03 crore from Rs 206.66 crore in year ago period.

Other Income dipped by 38.33 per cent at Rs 9.01 crore versus (Sep'18 Rs 14.61 crore). Operating Profit surged by 37.76 per cent to Rs 20.14 crore as against Rs 14.62 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 23.30 per cent in September quarter. Interest grew by 64.81 per cent y-o-y to Rs 1.78 crore, while Taxation decreased by 132.54 per cent at Rs -1.37 crore