The company reported standalone net profit of Rs 11.41 crore for the quarter ended December 31, 2019 as compared to Rs 22.81 crore in the same period last year, registering a year-on-year decline of 49.98 per cent.
Net revenue of the company declined moderately by 12.63 per cent at Rs 373.22 crore in October-December quarter of this fiscal as against Rs 427.16 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 13.19 per cent to Rs 296.31 crore from Rs 341.33 crore in year ago period.
Other Income dipped by 51.72 per cent at Rs 8.15 crore versus (Dec'18 Rs 16.88 crore).
Operating Profit slipped by 10.39 per cent to Rs 76.91 crore as against Rs 85.83 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.59 per cent in December quarter.
Interest declined by 5.26 per cent y-o-y to Rs 63.17 crore, while Taxation decreased by 33.75 per cent at Rs 7.42 crore (Dec'18 Rs 11.20 crore).