The company reported standalone net profit of Rs 22.51 crore for the quarter ended December 31, 2018 as compared to Rs 18.66 crore in the same period last year, registering a year-on-year growth of 20.63 per cent.
Net revenue of the company rose substantially by 77.04 per cent at Rs 239.38 crore in October-December quarter of this fiscal as against Rs 135.21 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 151.96 per cent to Rs 206.23 crore from Rs 81.85 crore in year ago period.
Other Income grew by 1548.92 per cent at Rs 22.92 crore versus (Dec'17 Rs 1.39 crore).
Operating Profit slipped by 37.87 per cent to Rs 33.15 crore as against Rs 53.36 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 64.90 per cent in December quarter.
Interest declined by 2.08 per cent y-o-y to Rs 16.50 crore, while Taxation decreased by 12.09 per cent at Rs 15.49 crore (Dec'17 Rs 17.62 crore).