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The company reported standalone net profit of Rs 35.39 crore for the quarter ended March 31, 2019 as compared to Rs 43.11 crore in the same period last year, registering a year-on-year decline of 17.91 per cent. Net revenue of the company rose moderately by 11.79 per cent at Rs 605.76 crore in January-March quarter of this fiscal as against Rs 541.88 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 19.06 per cent to Rs 562.80 crore from Rs 472.71 crore in year ago period.
Other Income grew by 95.44 per cent at Rs 28.73 crore versus (Mar'18 Rs 14.70 crore). Operating Profit slipped by 29.22 per cent to Rs 49.96 crore as against Rs 70.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.68 per cent in March quarter. Interest declined by 6.98 per cent y-o-y to Rs 0.40 crore, while Taxation increased by 7.77 per cent at Rs 19.13 crore (Mar'18 Rs 17.75 crore).