Published on 11/11/2020 11:03:36 AM | Source: Dion Global Solutions Ltd
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The company reported standalone net profit during the quarter stood at Rs 103.84 crore compared to net loss of Rs 20.89 crore in the previous year quarter. Net revenue of the company declined by 5.69 per cent at Rs 2,316.94 crore in July-September quarter of this fiscal as against Rs 2,456.60 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 12.10 per cent to Rs 2,118.05 crore from Rs 2,409.74 crore in year ago period. Other Income grew by 21.78 per cent at Rs 32.09 crore versus (Sep'19 Rs 26.35 crore).
Operating Profit surged by 324.43 per cent to Rs 198.89 crore as against Rs 46.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 349.21 per cent in September quarter.
Interest declined by 10.67 per cent y-o-y to Rs 48.88 crore, while Taxation increased by 2009.73 per cent at Rs 35.33 crore (Sep'19 Rs -1.85 crore).
