The company reported standalone net profit of Rs 120.04 crore for the quarter ended September 30, 2019 as compared to Rs 196.26 crore in the same period last year, registering a year-on-year decline of 38.84 per cent.
Net revenue of the company declined by 0.16 per cent at Rs 1,552.78 crore in July-September quarter of this fiscal as against Rs 1,555.31 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 4.85 per cent to Rs 1,313.86 crore from Rs 1,253.05 crore in year ago period.
Other Income dipped by 34.21 per cent at Rs 38.81 crore versus (Sep'18 Rs 58.99 crore). Operating Profit slipped by 20.96 per cent to Rs 238.92 crore as against Rs 302.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.79 per cent in September quarter. Interest grew by 15.21 per cent y-o-y to Rs 32.95 crore, while Taxation decreased by 40.82 per cent at Rs 45.77 crore