The company reported standalone net profit of Rs 3.67 crore for the quarter ended December 31, 2018 as compared to Rs 11.72 crore in the same period last year, registering a year-on-year decline of 68.69 per cent.
Net revenue of the company rose substantially by 42.67 per cent at Rs 203.60 crore in October-December quarter of this fiscal as against Rs 142.71 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 58.07 per cent to Rs 197.38 crore from Rs 124.87 crore in year ago period.
Other Income grew by 7.36 per cent at Rs 3.21 crore versus (Dec'17 Rs 2.99 crore).
Operating Profit slipped by 65.13 per cent to Rs 6.22 crore as against Rs 17.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 75.52 per cent in December quarter.
Interest grew by 123.36 per cent y-o-y to Rs 2.39 crore, while Taxation decreased by 70.43 per cent at Rs 1.94 crore (Dec'17 Rs 6.56 crore).