The company reported standalone net profit of Rs 0.89 crore for the quarter ended September 30, 2019 as compared to Rs 4.06 crore in the same period last year, registering a year-on-year decline of 78.08 per cent.

Net revenue of the company declined substantially by 27.57 per cent at Rs 11.06 crore in July-September quarter of this fiscal as against Rs 15.27 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 18.66 per cent to Rs 10.94 crore from Rs 13.45 crore in year ago period.

Other Income dipped by 220.00 per cent at Rs -0.72 crore versus (Sep'18 Rs 0.60 crore).

Operating Profit slipped by 50.67 per cent to Rs 2.58 crore as against Rs 5.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.76 per cent in September quarter.

Interest grew by 50.00 per cent y-o-y to Rs 0.06 crore, while Taxation decreased by 64.34 per cent at Rs 0.51 crore (Sep'18 Rs 1.43 crore).