The company reported standalone net profit of Rs 30.18 crore for the quarter ended September 30, 2019 as compared to Rs 34.89 crore in the same period last year, registering a year-on-year decline of 13.50 per cent. Net revenue of the company declined moderately by 14.61 per cent at Rs 421.15 crore in July-September quarter of this fiscal as against Rs 493.23 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 12.27 per cent to Rs 368.48 crore from Rs 420.02 crore in year ago period. Other Income dipped by 40.43 per cent at Rs 3.89 crore versus (Sep'18 Rs 6.53 crore).

Operating Profit slipped by 28.06 per cent to Rs 52.67 crore as against Rs 73.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.70 per cent in September quarter. Interest grew by 6.42 per cent y-o-y to Rs 3.48 crore, while Taxation decreased by 121.50 per cent at Rs -4.10 crore (Sep'18 Rs 19.07 crore).