The company reported standalone net profit of Rs 9.43 crore for the quarter ended September 30, 2019 as compared to Rs 3.24 crore in the same period last year, registering a year-on-year growth of 191.05 per cent.

Net revenue of the company declined moderately by 12.90 per cent at Rs 91.36 crore in July-September quarter of this fiscal as against Rs 104.89 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 23.53 per cent to Rs 72.54 crore from Rs 94.86 crore in year ago period.

Other Income grew by 138.24 per cent at Rs 0.81 crore versus (Sep'18 Rs 0.34 crore).

Operating Profit surged by 87.82 per cent to Rs 18.82 crore as against Rs 10.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 115.48 per cent in September quarter.

Interest declined by 77.08 per cent y-o-y to Rs 0.11 crore, while Taxation increased by 166.30 per cent at Rs 4.90 crore (Sep'18 Rs 1.84 crore).