The company reported standalone net profit of Rs 171.90 crore for the quarter ended September 30, 2020 as compared to Rs 197.59 crore in the same period last year, registering a year-on-year decline of 13.00 per cent.
Net revenue of the company declined moderately by 14.64 per cent at Rs 1,580.48 crore in July-September quarter of this fiscal as against Rs 1,851.65 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 14.16 per cent to Rs 1,235.73 crore from Rs 1,439.57 crore in year ago period.
Other Income dipped by 31.93 per cent at Rs 36.43 crore versus (Sep'19 Rs 53.52 crore).
Operating Profit slipped by 16.34 per cent to Rs 344.75 crore as against Rs 412.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.98 per cent in September quarter.
Interest declined by 87.93 per cent y-o-y to Rs 2.08 crore, while Taxation increased by 61.56 per cent at Rs 73.04 crore (Sep'19 Rs 45.21 crore).