The company reported standalone net profit of Rs 70.25 crore for the quarter ended September 30, 2020 as compared to Rs 244.87 crore in the same period last year, registering a year-on-year decline of 71.31 per cent.

Net revenue of the company declined substantially by 30.01 per cent at Rs 881.46 crore in July-September quarter of this fiscal as against Rs 1,259.45 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 22.83 per cent to Rs 724.92 crore from Rs 939.34 crore in year ago period. Other Income dipped by 36.79 per cent at Rs 31.31 crore versus (Sep'19 Rs 49.53 crore).

Operating Profit slipped by 51.10 per cent to Rs 156.54 crore as against Rs 320.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 30.13 per cent in September quarter. Interest declined by 74.20 per cent y-o-y to Rs 7.52 crore, while Taxation increased by 199.68 per cent at Rs 18.91 crore (Sep'19 Rs 6.31 crore).