The company reported standalone net profit of Rs 0.40 crore for the quarter ended March 31, 2019 as compared to Rs 1.89 crore in the same period last year, registering a year-on-year decline of 78.84 per cent.
Net revenue of the company rose marginally by 1.69 per cent at Rs 54.18 crore in January-March quarter of this fiscal as against Rs 53.28 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 7.44 per cent to Rs 51.27 crore from Rs 47.72 crore in year ago period.
Other Income dipped by 35.00 per cent at Rs 0.39 crore versus (Mar'18 Rs 0.60 crore).
Operating Profit slipped by 47.66 per cent to Rs 2.91 crore as against Rs 5.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.51 per cent in March quarter.
Interest declined by 92.86 per cent y-o-y to Rs 0.01 crore, while Taxation decreased by 88.00 per cent at Rs 0.18 crore (Mar'18 Rs 1.50 crore).