The company reported standalone net profit of Rs 15.38 crore for the quarter ended December 31, 2018 as compared to Rs 8.30 crore in the same period last year, registering a year-on-year growth of 85.30 per cent.
Net revenue of the company rose substantially by 81.77 per cent at Rs 64.31 crore in October-December quarter of this fiscal as against Rs 35.38 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 159.97 per cent to Rs 52.28 crore from Rs 20.11 crore in year ago period.
Other Income grew by 58.53 per cent at Rs 21.94 crore versus (Dec'17 Rs 13.84 crore).
Operating Profit slipped by 21.15 per cent to Rs 12.04 crore as against Rs 15.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 56.63 per cent in December quarter.
Interest declined by 13.66 per cent y-o-y to Rs 11.31 crore, while Taxation decreased by 16.12 per cent at Rs 6.09 crore (Dec'17 Rs 7.26 crore).