The company reported standalone net profit of Rs 0.53 crore for the quarter ended March 31, 2020 as compared to Rs 2.65 crore in the same period last year, registering a year-on-year decline of 80.00 per cent.
Net revenue of the company declined substantially by 68.69 per cent at Rs 6.50 crore in January-March quarter of this fiscal as against Rs 20.76 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 66.04 per cent to Rs 5.93 crore from Rs 17.46 crore in year ago period.
Other Income dipped by 7.50 per cent at Rs 0.37 crore versus (Mar'19 Rs 0.40 crore).
Operating Profit slipped by 82.73 per cent to Rs 0.57 crore as against Rs 3.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.78 per cent in March quarter.
Interest declined by 66.67 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 80.65 per cent at Rs 0.18 crore (Mar'19 Rs 0.93 crore).