The company reported a standalone net profit of Rs 15.20 crore for the quarter ended June 30, 2019, as compared to Rs 5.95 crore in the same period last year, registering a year-on-year growth of 155.46 per cent. Net revenue of the company rose marginally by 1.09 per cent at Rs 118.31 crore in the April-June quarter of this fiscal as against Rs 117.03 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 12.35 per cent to Rs 89.67 crore from Rs 102.31 crore in the year-ago period.
Other Income grew by 61.11 per cent at Rs 2.03 crore versus (Jun'18 Rs 1.26 crore). Operating Profit surged by 94.57 per cent to Rs 28.64 crore as against Rs 14.72 crore in the year-ago period, while Operating Profit Margin (OPM) expanded year-on-year to 92.45 per cent in June quarter. Interest grew by 54.55 per cent y-o-y to Rs 1.19 crore, while Taxation increased by 150.30 per cent at Rs 8.21 crore (Jun'18 Rs 3.28 crore).
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