The company reported standalone net profit of Rs 3.72 crore for the quarter ended September 30, 2020 as compared to Rs 2.75 crore in the same period last year, registering a year-on-year growth of 35.27 per cent.
Net revenue of the company rose substantially by 33.45 per cent at Rs 38.82 crore in July-September quarter of this fiscal as against Rs 29.09 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 31.27 per cent to Rs 33.75 crore from Rs 25.71 crore in year ago period.
Other Income dipped by 70.35 per cent at Rs 0.51 crore versus (Sep'19 Rs 1.72 crore).
Operating Profit surged by 50.30 per cent to Rs 5.08 crore as against Rs 3.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.47 per cent in September quarter.
Interest declined by 63.81 per cent y-o-y to Rs 0.38 crore, while Taxation increased by 10.64 per cent at Rs 1.04 crore (Sep'19 Rs 0.94 crore).