The company reported standalone net profit of Rs 2.59 crore for the quarter ended June 30, 2020 as compared to Rs 2.95 crore in the same period last year, registering a year-on-year decline of 12.20 per cent.
Net revenue of the company declined moderately by 12.41 per cent at Rs 25.91 crore in April-June quarter of this fiscal as against Rs 29.58 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 12.95 per cent to Rs 21.18 crore from Rs 24.33 crore in year ago period.
Other Income dipped by 93.75 per cent at Rs 0.03 crore versus (Jun'19 Rs 0.48 crore).
Operating Profit slipped by 9.89 per cent to Rs 4.74 crore as against Rs 5.26 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.81 per cent in June quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.28 crore, while Taxation decreased by 22.38 per cent at Rs 1.11 crore (Jun'19 Rs 1.43 crore).