The company reported standalone net profit of Rs 52.56 crore for the quarter ended June 30, 2020 as compared to Rs 141.51 crore in the same period last year, registering a year-on-year decline of 62.86 per cent.

Net revenue of the company declined substantially by 63.22 per cent at Rs 484.06 crore in April-June quarter of this fiscal as against Rs 1,316.26 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 58.44 per cent to Rs 495.30 crore from Rs 1,191.64 crore in year ago period.

Other Income grew by 32.86 per cent at Rs 102.17 crore versus (Jun'19 Rs 76.90 crore).

Operating Profit slipped by 98.08 per cent to Rs 2.90 crore as against Rs 151.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 94.78 per cent in June quarter.

Interest declined by 16.96 per cent y-o-y to Rs 4.31 crore, while Taxation decreased by 65.94 per cent at Rs 17.89 crore (Jun'19 Rs 52.53 crore).