The company reported standalone net profit of Rs 0.13 crore for the quarter ended March 31, 2018 as compared to Rs 0.50 crore in the same period last year, registering a year-on-year decline of 74.00 per cent.
Net revenue of the company declined moderately by 9.32 per cent at Rs 6.42 crore in January-March quarter of this fiscal as against Rs 7.08 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 1.79 per cent to Rs 5.68 crore from Rs 5.58 crore in year ago period.
Operating Profit slipped by 50.67 per cent to Rs 0.74 crore as against Rs 1.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.25 per cent in March quarter.
Interest grew by 42.31 per cent y-o-y to Rs 0.37 crore, while Taxation decreased by 170.73 per cent at Rs -0.29 crore (Mar'17 Rs 0.41 crore).