The company reported standalone net profit of Rs 0.29 crore for the quarter ended December 31, 2018 as compared to Rs 0.35 crore in the same period last year, registering a year-on-year decline of 17.14 per cent.
Net revenue of the company rose moderately by 19.93 per cent at Rs 33.76 crore in October-December quarter of this fiscal as against Rs 28.15 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 21.00 per cent to Rs 32.67 crore from Rs 27.00 crore in year ago period.
Operating Profit slipped by 5.22 per cent to Rs 1.09 crore as against Rs 1.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.08 per cent in December quarter.
Interest grew by 10.42 per cent y-o-y to Rs 0.53 crore, while Taxation increased by 11.11 per cent at Rs 0.10 crore (Dec'17 Rs 0.09 crore).