The company reported standalone net profit of Rs 80.04 crore for the quarter ended September 30, 2019 as compared to Rs 125.65 crore in the same period last year, registering a year-on-year decline of 36.30 per cent. Net revenue of the company declined substantially by 44.22 per cent at Rs 1,732.00 crore in July-September quarter of this fiscal as against Rs 3,104.81 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 45.29 per cent to Rs 1,498.98 crore from Rs 2,739.72 crore in year ago period. Other Income grew by 112.64 per cent at Rs 70.32 crore versus (Sep'18 Rs 33.07 crore).
Operating Profit slipped by 36.17 per cent to Rs 233.02 crore as against Rs 365.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.37 per cent in September quarter. Interest grew by 20.89 per cent y-o-y to Rs 130.75 crore, while Taxation decreased by 61.58 per cent at Rs 31.17 crore (Sep'18 Rs 81.13 crore).