The company reported standalone net profit of Rs 7.56 crore for the quarter ended September 30, 2019 as compared to Rs 82.97 crore in the same period last year, registering a year-on-year decline of 90.89 per cent.
Net revenue of the company rose three fold by 584.86 per cent at Rs 68.76 crore in July-September quarter of this fiscal as against Rs 10.04 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 1841.78 per cent to Rs 56.70 crore from Rs 2.92 crore in year ago period.
Other Income dipped by 96.02 per cent at Rs 4.27 crore versus (Sep'18 Rs 107.20 crore).
Operating Profit surged by 69.52 per cent to Rs 12.07 crore as against Rs 7.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 75.25 per cent in September quarter.
Interest grew by 1.71 per cent y-o-y to Rs 7.14 crore, while Taxation decreased by 94.40 per cent at Rs 1.35 crore (Sep'18 Rs 24.10 crore).