The company reported standalone net profit of Rs 15.49 crore for the quarter ended September 30, 2019 as compared to Rs 6.75 crore in the same period last year, registering a year-on-year growth of 129.48 per cent. Net revenue of the company rose moderately by 10.82 per cent at Rs 108.13 crore in July-September quarter of this fiscal as against Rs 97.57 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 7.19 per cent to Rs 84.52 crore from Rs 78.85 crore in year ago period.
Other Income grew by 18.34 per cent at Rs 4.71 crore versus (Sep'18 Rs 3.98 crore). Operating Profit surged by 26.12 per cent to Rs 23.61 crore as against Rs 18.72 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.76 per cent in September quarter. Interest declined by 13.70 per cent y-o-y to Rs 0.63 crore, while Taxation decreased by 120.98 per cent at Rs -0.77 crore (Sep'18 Rs 3.67 crore).