The company reported standalone net profit of Rs 27.27 crore for the quarter ended December 31, 2019 as compared to Rs 18.19 crore in the same period last year, registering a year-on-year growth of 49.92 per cent.

Net revenue of the company declined marginally by 1.19 per cent at Rs 76.60 crore in October-December quarter of this fiscal as against Rs 77.52 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 17.09 per cent to Rs 19.66 crore from Rs 16.79 crore in year ago period.

Other Income grew by 71.43 per cent at Rs 0.24 crore versus (Dec'18 Rs 0.14 crore).

Operating Profit slipped by 6.21 per cent to Rs 56.95 crore as against Rs 60.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.11 per cent in December quarter.

Interest declined by 67.37 per cent y-o-y to Rs 5.99 crore, while Taxation increased by 10.83 per cent at Rs 10.64 crore (Dec'18 Rs 9.60 crore).