The company reported standalone net profit of Rs 2.13 crore for the quarter ended December 31, 2019 as compared to Rs 4.18 crore in the same period last year, registering a year-on-year decline of 49.04 per cent.
Net revenue of the company rose substantially by 23.51 per cent at Rs 16.13 crore in October-December quarter of this fiscal as against Rs 13.06 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 100.51 per cent to Rs 7.94 crore from Rs 3.96 crore in year ago period.
Other Income grew by 511.54 per cent at Rs 1.59 crore versus (Dec'18 Rs 0.26 crore).
Operating Profit slipped by 10.10 per cent to Rs 8.19 crore as against Rs 9.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 27.14 per cent in December quarter.
Interest grew by 37.42 per cent y-o-y to Rs 6.83 crore