The company reported standalone net profit of Rs 57.20 crore for the quarter ended March 31, 2018 as compared to Rs 311.87 crore in the same period last year, registering a year-on-year decline of 81.66 per cent.
Net revenue of the company rose substantially by 77.11 per cent at Rs 997.00 crore in January-March quarter of this fiscal as against Rs 562.92 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 88.84 per cent to Rs 889.20 crore from Rs 470.88 crore in year ago period.
Other Income grew by 54.82 per cent at Rs 42.70 crore versus (Mar'17 Rs 27.58 crore).
Operating Profit surged by 17.12 per cent to Rs 107.80 crore as against Rs 92.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 33.88 per cent in March quarter.
Interest grew by 25.49 per cent y-o-y to Rs 70.60 crore, while Taxation increased by 360.32 per cent at Rs 8.20 crore (Mar'17 Rs -3.15 crore).