The company reported standalone net profit of Rs 74.99 crore for the quarter ended December 31, 2019 as compared to Rs 63.89 crore in the same period last year, registering a year-on-year growth of 17.37 per cent.

Net revenue of the company declined marginally by 4.94 per cent at Rs 422.00 crore in October-December quarter of this fiscal as against Rs 443.92 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 2.74 per cent to Rs 302.95 crore from Rs 311.49 crore in year ago period.

Other Income grew by 107.50 per cent at Rs 27.10 crore versus (Dec'18 Rs 13.06 crore).

Operating Profit slipped by 10.10 per cent to Rs 119.05 crore as against Rs 132.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.43 per cent in December quarter.

Interest grew by 2.01 per cent y-o-y to Rs 13.20 crore, while Taxation decreased by 36.40 per cent at Rs 23.90 crore (Dec'18 Rs 37.58 crore).