The company reported standalone net profit of Rs 174.23 crore for the quarter ended September 30, 2019 as compared to Rs 273.37 crore in the same period last year, registering a year-on-year decline of 36.27 per cent. Net revenue of the company declined moderately by 18.32 per cent at Rs 1,593.00 crore in July-September quarter of this fiscal as against Rs 1,950.23 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 15.49 per cent to Rs 1,403.07 crore from Rs 1,660.20 crore in year ago period. Other Income dipped by 64.06 per cent at Rs 40.74 crore versus (Sep'18 Rs 113.36 crore).

Operating Profit slipped by 25.68 per cent to Rs 249.64 crore as against Rs 335.89 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.00 per cent in September quarter. Interest declined by 71.02 per cent y-o-y to Rs 4.44 crore, while Taxation decreased by 59.12 per cent at Rs 43.40 crore (Sep'18 Rs 106.17 crore).