The company reported standalone net profit of Rs 26.44 crore for the quarter ended March 31, 2020 as compared to Rs 44.83 crore in the same period last year, registering a year-on-year decline of 41.02 per cent.

Net revenue of the company declined substantially by 21.78 per cent at Rs 492.04 crore in January-March quarter of this fiscal as against Rs 629.03 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 15.61 per cent to Rs 491.86 crore from Rs 582.85 crore in year ago period.

Other Income dipped by 14.46 per cent at Rs 34.54 crore versus (Mar'19 Rs 40.38 crore).

Operating Profit slipped by 87.20 per cent to Rs 7.89 crore as against Rs 61.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 83.67 per cent in March quarter.

Interest grew by 0.00 per cent y-o-y to Rs 2.86 crore, while Taxation decreased by 88.18 per cent at Rs 6.28 crore (Mar'19 Rs 53.13 crore).