The company reported standalone net profit of Rs 11.80 crore for the quarter ended September 30, 2019 as compared to Rs 7.00 crore in the same period last year, registering a year-on-year growth of 68.57 per cent. Net revenue of the company rose moderately by 10.74 per cent at Rs 401.66 crore in July-September quarter of this fiscal as against Rs 362.70 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 6.00 per cent to Rs 367.25 crore from Rs 346.46 crore in year ago period.
Operating Profit surged by 58.70 per cent to Rs 27.28 crore as against Rs 17.19 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 43.25 per cent in September quarter. Interest grew by 19.55 per cent y-o-y to Rs 5.87 crore, while Taxation increased by 80.28 per cent at Rs 6.40 crore (Sep'18 Rs 3.55 crore).
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