The company reported standalone net profit of Rs 40.09 crore for the quarter ended December 31, 2018 as compared to Rs 33.84 crore in the same period last year, registering a year-on-year growth of 18.47 per cent.
Net revenue of the company rose substantially by 40.83 per cent at Rs 581.15 crore in October-December quarter of this fiscal as against Rs 412.65 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 46.50 per cent to Rs 495.79 crore from Rs 338.43 crore in year ago period.
Other Income grew by 33.50 per cent at Rs 5.50 crore versus (Dec'17 Rs 4.12 crore).
Operating Profit surged by 15.02 per cent to Rs 85.36 crore as against Rs 74.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.30 per cent in December quarter.
Interest declined by 8.82 per cent y-o-y to Rs 7.44 crore, while Taxation increased by 20.30 per cent at Rs 20.21 crore (Dec'17 Rs 16.80 crore).