The company reported a standalone net profit of Rs 18.59 crore for the quarter ended June 30, 2019, as compared to Rs 23.64 crore in the same period last year, registering a year-on-year decline of 21.36 per cent. Net revenue of the company declined marginally by 2.61 per cent at Rs 854.75 crore in the April-June quarter of this fiscal as against Rs 877.66 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 2.81 per cent to Rs 816.98 crore from Rs 840.62 crore in the year-ago period.
Other Income grew by 127.72 per cent at Rs 6.49 crore versus Operating Profit surged by 1.97 per cent to Rs 37.77 crore as against Rs 37.04 crore in the year-ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.74 per cent in June quarter. Interest grew by 0.00 per cent y-o-y to Rs 2.69 crore, while Taxation decreased by 23.54 per cent at Rs 9.94 crore.
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