The company reported standalone net profit of Rs 0.22 crore for the quarter ended September 30, 2019 as compared to Rs 0.84 crore in the same period last year, registering a year-on-year decline of 73.81 per cent.
Net revenue of the company declined substantially by 70.24 per cent at Rs 15.45 crore in July-September quarter of this fiscal as against Rs 51.92 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 71.00 per cent to Rs 14.54 crore from Rs 50.14 crore in year ago period.
Other Income dipped by 85.71 per cent at Rs 0.01 crore versus (Sep'18 Rs 0.07 crore).
Operating Profit slipped by 48.88 per cent to Rs 0.91 crore as against Rs 1.78 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 71.43 per cent in September quarter.