The company reported standalone net profit of Rs 50.24 crore for the quarter ended March 31, 2021 as compared to Rs 56.56 crore in the same period last year, registering a year-on-year decline of 11.17 per cent.
Net revenue of the company rose moderately by 11.19 per cent at Rs 452.08 crore in January-March quarter of this fiscal as against Rs 406.57 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 10.24 per cent to Rs 373.69 crore from Rs 338.97 crore in year ago period.
Other Income grew by 39.34 per cent at Rs 0.85 crore versus (Mar'20 Rs 0.61 crore).
Operating Profit surged by 15.96 per cent to Rs 78.39 crore as against Rs 67.60 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.27 per cent in March quarter.
Interest declined by 40.06 per cent y-o-y to Rs 4.34 crore, while Taxation increased by 1525.00 per cent at Rs 13.00 crore (Mar'20 Rs 0.80 crore).