The company reported standalone net profit of Rs 90.27 crore for the quarter ended September 30, 2019 as compared to Rs 57.16 crore in the same period last year, registering a year-on-year growth of 57.93 per cent. Net revenue of the company declined moderately by 17.99 per cent at Rs 1,056.08 crore in July-September quarter of this fiscal as against Rs 1,287.68 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 21.62 per cent to Rs 970.00 crore from Rs 1,237.62 crore in year ago period.
Other Income grew by 277.40 per cent at Rs 15.36 crore versus (Sep'18 Rs 4.07 crore). Operating Profit surged by 8.08 per cent to Rs 142.72 crore as against Rs 132.05 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 31.80 per cent in September quarter. Interest declined by 49.94 per cent y-o-y to Rs 8.22 crore, while Taxation decreased by 25.52 per cent at Rs 20.46 crore (Sep'18 Rs 27.47 crore).