The company reported standalone net profit of Rs 20.37 crore for the quarter ended September 30, 2020 as compared to Rs 57.56 crore in the same period last year, registering a year-on-year decline of 64.61 per cent.
Net revenue of the company declined moderately by 12.21 per cent at Rs 391.42 crore in July-September quarter of this fiscal as against Rs 445.85 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 4.60 per cent to Rs 310.14 crore from Rs 325.11 crore in year ago period.
Other Income dipped by 27.48 per cent at Rs 11.77 crore versus (Sep'19 Rs 16.23 crore).
Operating Profit slipped by 32.68 per cent to Rs 81.28 crore as against Rs 120.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.30 per cent in September quarter.
Interest grew by 8.72 per cent y-o-y to Rs 38.04 crore, while Taxation decreased by 76.33 per cent at Rs 6.39 crore (Sep'19 Rs 27.00 crore).