The company reported standalone net profit of Rs 55.11 crore for the quarter ended June 30, 2020 as compared to Rs 72.49 crore in the same period last year, registering a year-on-year decline of 23.98 per cent.

Net revenue of the company declined substantially by 40.45 per cent at Rs 562.07 crore in April-June quarter of this fiscal as against Rs 943.81 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 42.23 per cent to Rs 473.83 crore from Rs 820.26 crore in year ago period.

Other Income grew by 45.96 per cent at Rs 8.32 crore versus (Jun'19 Rs 5.70 crore).

Operating Profit slipped by 28.58 per cent to Rs 88.24 crore as against Rs 123.55 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.94 per cent in June quarter.

Interest grew by 277.01 per cent y-o-y to Rs 3.28 crore, while Taxation decreased by 50.56 per cent at Rs 19.34 crore (Jun'19 Rs 39.12 crore).