The company reported standalone net profit of Rs 5.26 crore for the quarter ended December 31, 2018 as compared to Rs 5.68 crore in the same period last year, registering a year-on-year decline of 7.39 per cent.
Net revenue of the company rose substantially by 21.57 per cent at Rs 489.57 crore in October-December quarter of this fiscal as against Rs 402.72 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 22.34 per cent to Rs 465.68 crore from Rs 380.63 crore in year ago period.
Other Income grew by 132.94 per cent at Rs 3.96 crore versus (Dec'17 Rs 1.70 crore).
Operating Profit surged by 8.15 per cent to Rs 23.89 crore as against Rs 22.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.95 per cent in December quarter.
Interest grew by 14.59 per cent y-o-y to Rs 14.53 crore, while Taxation increased by 172.54 per cent at Rs 3.87 crore (Dec'17 Rs 1.42 crore).