The company reported standalone net profit of Rs 11.42 crore for the quarter ended March 31, 2018 as compared to Rs 5.84 crore in the same period last year, registering a year-on-year growth of 95.55 per cent.
Net revenue of the company rose substantially by 53.04 per cent at Rs 26.95 crore in January-March quarter of this fiscal as against Rs 17.61 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 28.92 per cent to Rs 6.42 crore from Rs 4.98 crore in year ago period.
Other Income dipped by 66.67 per cent at Rs 0.14 crore versus (Mar'17 Rs 0.42 crore).
Operating Profit surged by 62.55 per cent to Rs 20.53 crore as against Rs 12.63 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.22 per cent in March quarter.
Interest declined by 13.92 per cent y-o-y to Rs 6.68 crore, while Taxation increased by 550.00 per cent at Rs 0.91 crore (Mar'17 Rs 0.14 crore).