The company reported standalone net profit during the quarter stood at Rs 3.52 crore compared to net loss of Rs 1.34 crore in the previous year quarter.
Net revenue of the company rose two fold by 290.62 per cent at Rs 38.71 crore in October-December quarter of this fiscal as against Rs 9.91 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 287.69 per cent to Rs 35.90 crore from Rs 9.26 crore in year ago period.
Other Income grew by 92.74 per cent at Rs 2.39 crore versus (Dec'17 Rs 1.24 crore).
Operating Profit surged by 325.76 per cent to Rs 2.81 crore as against Rs 0.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.52 per cent in December quarter.
Interest declined by 60.00 per cent y-o-y to Rs 0.04 crore, while Taxation increased by 400.00 per cent at Rs 0.90 crore (Dec'17 Rs -0.30 crore).