The company reported standalone net profit during the quarter stood at Rs 12.82 crore compared to net loss of Rs 20.82 crore in the previous year quarter.
Net revenue of the company rose substantially by 21.94 per cent at Rs 3,095.08 crore in January-March quarter of this fiscal as against Rs 2,538.22 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 20.82 per cent to Rs 3,090.78 crore from Rs 2,558.13 crore in year ago period.
Other Income grew by 118.60 per cent at Rs 15.63 crore versus (Mar'17 Rs 7.15 crore).
Operating Profit surged by 121.60 per cent to Rs 4.30 crore as against Rs -19.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 117.95 per cent in March quarter.
Interest declined by 53.23 per cent y-o-y to Rs 6.74 crore, while Taxation decreased by 47.92 per cent at Rs -5.76 crore (Mar'17 Rs -11.06 crore).