The company reported standalone net profit of Rs 0.64 crore for the quarter ended September 30, 2019 as compared to Rs 0.77 crore in the same period last year, registering a year-on-year decline of 16.88 per cent.
Net revenue of the company declined moderately by 6.72 per cent at Rs 17.62 crore in July-September quarter of this fiscal as against Rs 18.89 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 5.98 per cent to Rs 15.41 crore from Rs 16.39 crore in year ago period.
Other Income dipped by 68.75 per cent at Rs 0.05 crore versus (Sep'18 Rs 0.16 crore).
Operating Profit slipped by 11.60 per cent to Rs 2.21 crore as against Rs 2.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.14 per cent in September quarter.
Interest declined by 2.35 per cent y-o-y to Rs 0.83 crore, while Taxation decreased by 80.00 per cent at Rs 0.08 crore (Sep'18 Rs 0.40 crore).