The company reported standalone net profit of Rs 37.61 crore for the quarter ended March 31, 2020 as compared to Rs 88.27 crore in the same period last year, registering a year-on-year decline of 57.39 per cent.
Net revenue of the company declined moderately by 8.79 per cent at Rs 619.70 crore in January-March quarter of this fiscal as against Rs 679.39 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 17.78 per cent to Rs 480.88 crore from Rs 584.89 crore in year ago period.
Other Income dipped by 38.74 per cent at Rs 17.11 crore versus (Mar'19 Rs 27.93 crore).
Operating Profit surged by 46.91 per cent to Rs 138.83 crore as against Rs 94.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 61.04 per cent in March quarter.
Interest grew by 4496.61 per cent y-o-y to Rs 27.12 crore, while Taxation increased by 16.64 per cent at Rs 19.77 crore (Mar'19 Rs 16.95 crore).