The company reported standalone net profit of Rs 6.50 crore for the quarter ended March 31, 2020 as compared to Rs 7.14 crore in the same period last year, registering a year-on-year decline of 8.96 per cent.

Net revenue of the company rose by 0.04 per cent at Rs 200.50 crore in January-March quarter of this fiscal as against Rs 200.42 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 1.13 per cent to Rs 182.98 crore from Rs 180.94 crore in year ago period.

Other Income dipped by 34.78 per cent at Rs 0.15 crore versus (Mar'19 Rs 0.23 crore).

Operating Profit slipped by 10.01 per cent to Rs 17.53 crore as against Rs 19.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.08 per cent in March quarter.

Interest declined by 18.95 per cent y-o-y to Rs 1.24 crore, while Taxation decreased by 55.70 per cent at Rs 1.71 crore (Mar'19 Rs 3.86 crore).