The company reported standalone net profit of Rs 81.47 crore for the quarter ended June 30, 2020 as compared to Rs 137.36 crore in the same period last year, registering a year-on-year decline of 40.69 per cent.

Net revenue of the company declined moderately by 16.69 per cent at Rs 904.84 crore in April-June quarter of this fiscal as against Rs 1,086.11 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 14.16 per cent to Rs 728.92 crore from Rs 849.19 crore in year ago period.

Other Income dipped by 99.77 per cent at Rs 0.01 crore versus (Jun'19 Rs 4.33 crore).

Operating Profit slipped by 25.75 per cent to Rs 175.92 crore as against Rs 236.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.87 per cent in June quarter.

Interest declined by 16.86 per cent y-o-y to Rs 25.19 crore, while Taxation decreased by 38.81 per cent at Rs 20.50 crore (Jun'19 Rs 33.50 crore).