The company reported a standalone net profit of Rs 25.28 crore for the quarter ended June 30, 2019, as compared to Rs 5.03 crore in the same period last year, registering a year-on-year growth of 402.58 per cent. Net revenue of the company declined moderately by 10.27 per cent at Rs 167.96 crore in the April-June quarter of this fiscal as against Rs 187.18 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 18.45 per cent to Rs 176.03 crore from Rs 215.85 crore in the year-ago period.
Other Income grew by 19.95 per cent at Rs 51.40 crore versus (Jun'18 Rs 42.85 crore). Operating profit slipped by 71.86 per cent to Rs -8.07 crore as against Rs -28.68 crore in the year-ago period, while Operating Profit Margin (OPM) expanded year-on-year to 68.67 per cent in June quarter. Interest declined by 64.10 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 486.63 per cent at Rs 10.97 crore (Jun'18 Rs 1.87 crore).
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