The company reported standalone net profit of Rs 68.08 crore for the quarter ended March 31, 2018 as compared to Rs 1.24 crore in the same period last year, registering a year-on-year growth of 5390.32 per cent.
Net revenue of the company rose moderately by 7.00 per cent at Rs 101.97 crore in January-March quarter of this fiscal as against Rs 95.30 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 16.16 per cent to Rs 108.85 crore from Rs 93.71 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 101.42 crore versus (Mar'17 Rs 0.00 crore).
Operating Profit slipped by 240.70 per cent to Rs -6.88 crore as against Rs 4.89 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 231.58 per cent in March quarter.
Interest grew by 3278.95 per cent y-o-y to Rs 6.42 crore, while Taxation increased by 801.93 per cent at Rs 18.67 crore (Mar'17 Rs 2.07 crore).