The company reported standalone net profit of Rs 7.48 crore for the quarter ended September 30, 2020 as compared to Rs 1.37 crore in the same period last year, registering a year-on-year growth of 445.99 per cent.

Net revenue of the company declined moderately by 14.90 per cent at Rs 291.79 crore in July-September quarter of this fiscal as against Rs 342.87 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 16.24 per cent to Rs 249.15 crore from Rs 297.46 crore in year ago period.

Other Income grew by 166.93 per cent at Rs 3.39 crore versus (Sep'19 Rs 1.27 crore).

Operating Profit slipped by 6.10 per cent to Rs 42.64 crore as against Rs 45.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.35 per cent in September quarter.

Interest declined by 15.60 per cent y-o-y to Rs 11.85 crore, while Taxation increased by 255.88 per cent at Rs 1.21 crore (Sep'19 Rs 0.34 crore).