The company reported standalone net profit during the quarter stood at Rs 11.17 crore compared to net loss of Rs 1.88 crore in the previous year quarter.
Net revenue of the company rose marginally by 1.82 per cent at Rs 149.08 crore in January-March quarter of this fiscal as against Rs 146.41 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 0.65 per cent to Rs 125.17 crore from Rs 124.36 crore in year ago period.
Other Income grew by 1.56 per cent at Rs 4.57 crore versus (Mar'17 Rs 4.50 crore).
Operating Profit surged by 8.44 per cent to Rs 23.91 crore as against Rs 22.05 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.51 per cent in March quarter.
Interest declined by 57.94 per cent y-o-y to Rs 8.37 crore, while Taxation increased by 17.00 per cent at Rs 5.30 crore (Mar'17 Rs 4.53 crore).