The company reported standalone net profit of Rs 4.13 crore for the quarter ended September 30, 2020 as compared to Rs 6.22 crore in the same period last year, registering a year-on-year decline of 33.60 per cent.
Net revenue of the company declined moderately by 16.04 per cent at Rs 171.84 crore in July-September quarter of this fiscal as against Rs 204.66 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 19.11 per cent to Rs 135.62 crore from Rs 167.66 crore in year ago period.
Other Income dipped by 50.29 per cent at Rs 1.71 crore versus (Sep'19 Rs 3.44 crore).
Operating Profit slipped by 2.14 per cent to Rs 36.21 crore as against Rs 37.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.54 per cent in September quarter.
Interest declined by 1.30 per cent y-o-y to Rs 18.26 crore