The company reported standalone net profit of Rs 5.31 crore for the quarter ended December 31, 2020 as compared to Rs 5.60 crore in the same period last year, registering a year-on-year decline of 5.18 per cent.

Net revenue of the company rose moderately by 14.19 per cent at Rs 134.48 crore in October-December quarter of this fiscal as against Rs 117.77 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 10.86 per cent to Rs 114.22 crore from Rs 103.03 crore in year ago period.

Other Income grew by 14.56 per cent at Rs 1.18 crore versus (Dec'19 Rs 1.03 crore).

Operating Profit surged by 37.45 per cent to Rs 20.26 crore as against Rs 14.74 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 20.46 per cent in December quarter.

Interest grew by 135.79 per cent y-o-y to Rs 11.20 crore, while Taxation decreased by 18.85 per cent at Rs 2.11 crore (Dec'19 Rs 2.60 crore).