The company reported standalone net profit of Rs 11.96 crore for the quarter ended September 30, 2019 as compared to Rs 7.36 crore in the same period last year, registering a year-on-year growth of 62.50 per cent.
Net revenue of the company declined marginally by 2.34 per cent at Rs 80.60 crore in July-September quarter of this fiscal as against Rs 82.53 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 11.33 per cent to Rs 65.21 crore from Rs 73.54 crore in year ago period.
Other Income grew by 37.96 per cent at Rs 7.85 crore versus (Sep'18 Rs 5.69 crore). Operating Profit surged by 71.19 per cent to Rs 15.39 crore as against Rs 8.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 75.30 per cent in September quarter. Interest grew by 16.67 per cent y-o-y to Rs 1.75 crore, while Taxation increased by 120.00 per cent at Rs 5.17 crore (Sep'18 Rs 2.35 crore).
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The company reported standalone net profit of Rs 11.96 crore for the quarter ended September 30, 2019 as compared to Rs 7.36 crore in the same period last year, registering a year-on-year growth of 62.50 per cent.
Net revenue of the company declined marginally by 2.34 per cent at Rs 80.60 crore in July-September quarter of this fiscal as against Rs 82.53 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 11.33 per cent to Rs 65.21 crore from Rs 73.54 crore in year ago period.
Other Income grew by 37.96 per cent at Rs 7.85 crore versus (Sep'18 Rs 5.69 crore). Operating Profit surged by 71.19 per cent to Rs 15.39 crore as against Rs 8.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 75.30 per cent in September quarter. Interest grew by 16.67 per cent y-o-y to Rs 1.75 crore, while Taxation increased by 120.00 per cent at Rs 5.17 crore (Sep'18 Rs 2.35 crore).
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