The company reported standalone net profit during the quarter stood at Rs 24.04 crore compared to net loss of Rs 2.03 crore in the previous year quarter.

Net revenue of the company rose moderately by 9.93 per cent at Rs 81.58 crore in April-June quarter of this fiscal as against Rs 74.21 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 18.91 per cent to Rs 42.87 crore from Rs 52.87 crore in year ago period.

Other Income grew by 57.55 per cent at Rs 5.01 crore versus (Jun'19 Rs 3.18 crore).

Operating Profit surged by 81.40 per cent to Rs 38.71 crore as against Rs 21.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 64.99 per cent in June quarter.

Interest declined by 15.05 per cent y-o-y to Rs 9.71 crore, while Taxation increased by 0.00 per cent at Rs 0.06 crore (Jun'19 Rs 0.00 crore).