The company reported standalone net profit of Rs 3.10 crore for the quarter ended June 30, 2020 as compared to Rs 0.59 crore in the same period last year, registering a year-on-year growth of 425.42 per cent.

Net revenue of the company rose substantially by 44.30 per cent at Rs 63.36 crore in April-June quarter of this fiscal as against Rs 43.91 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 38.48 per cent to Rs 57.65 crore from Rs 41.63 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.11 crore versus (Jun'19 Rs 0.00 crore).

Operating Profit surged by 149.34 per cent to Rs 5.71 crore as against Rs 2.29 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 72.74 per cent in June quarter.

Interest declined by 10.48 per cent y-o-y to Rs 0.94 crore, while Taxation increased by 415.00 per cent at Rs 1.03 crore (Jun'19 Rs 0.20 crore).