The company reported standalone net profit of Rs 29.04 crore for the quarter ended March 31, 2018 as compared to Rs 7.55 crore in the same period last year, registering a year-on-year growth of 284.64 per cent.
Net revenue of the company rose substantially by 58.22 per cent at Rs 109.90 crore in January-March quarter of this fiscal as against Rs 69.46 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 28.10 per cent to Rs 61.77 crore from Rs 48.22 crore in year ago period.
Other Income grew by 167.28 per cent at Rs 4.33 crore versus (Mar'17 Rs 1.62 crore).
Operating Profit surged by 126.60 per cent to Rs 48.13 crore as against Rs 21.24 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 43.25 per cent in March quarter.
Interest declined by 86.26 per cent y-o-y to Rs 0.61 crore, while Taxation increased by 110.83 per cent at Rs 16.55 crore (Mar'17 Rs 7.85 crore).