The company reported standalone net profit of Rs 25.99 crore for the quarter ended September 30, 2020 as compared to Rs 26.96 crore in the same period last year, registering a year-on-year decline of 3.60 per cent.
Net revenue of the company rose by 0.33 per cent at Rs 193.20 crore in July-September quarter of this fiscal as against Rs 192.56 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 0.23 per cent to Rs 157.16 crore from Rs 156.80 crore in year ago period.
Other Income grew by 141.10 per cent at Rs 1.76 crore versus (Sep'19 Rs 0.73 crore).
Operating Profit surged by 0.78 per cent to Rs 36.04 crore as against Rs 35.76 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.43 per cent in September quarter.
Interest declined by 16.38 per cent y-o-y to Rs 0.97 crore, while Taxation increased by 32.69 per cent at Rs 9.62 crore (Sep'19 Rs 7.25 crore).