The company reported standalone net profit of Rs 5.67 crore for the quarter ended March 31, 2020 as compared to Rs 7.06 crore in the same period last year, registering a year-on-year decline of 19.69 per cent.
Net revenue of the company rose marginally by 4.48 per cent at Rs 103.57 crore in January-March quarter of this fiscal as against Rs 99.13 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 9.29 per cent to Rs 89.53 crore from Rs 81.92 crore in year ago period.
Other Income dipped by 23.53 per cent at Rs 0.26 crore versus (Mar'19 Rs 0.34 crore).
Operating Profit slipped by 18.48 per cent to Rs 14.03 crore as against Rs 17.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.95 per cent in March quarter.
Interest declined by 22.35 per cent y-o-y to Rs 0.66 crore, while Taxation decreased by 50.49 per cent at Rs 1.52 crore (Mar'19 Rs 3.07 crore).