The company reported standalone net profit of Rs 7.77 crore for the quarter ended September 30, 2019 as compared to Rs 12.58 crore in the same period last year, registering a year-on-year decline of 38.24 per cent. Net revenue of the company declined moderately by 18.04 per cent at Rs 207.31 crore in July-September quarter of this fiscal as against Rs 252.93 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 18.66 per cent to Rs 181.24 crore from Rs 222.81 crore in year ago period. Other Income dipped by 21.38 per cent at Rs 3.75 crore versus (Sep'18 Rs 4.77 crore).
Operating Profit slipped by 13.45 per cent to Rs 26.07 crore as against Rs 30.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.63 per cent in September quarter. Interest grew by 17.50 per cent y-o-y to Rs 9.60 crore, while Taxation decreased by 38.31 per cent at Rs 4.17 crore (Sep'18 Rs 6.76 crore).