The company reported standalone net profit of Rs 15.42 crore for the quarter ended December 31, 2018 as compared to Rs 9.52 crore in the same period last year, registering a year-on-year growth of 61.97 per cent.
Net revenue of the company rose moderately by 8.62 per cent at Rs 562.79 crore in October-December quarter of this fiscal as against Rs 518.13 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 9.80 per cent to Rs 478.03 crore from Rs 435.35 crore in year ago period.
Other Income dipped by 40.24 per cent at Rs 7.41 crore versus (Dec'17 Rs 12.40 crore).
Operating Profit surged by 2.40 per cent to Rs 84.77 crore as against Rs 82.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.76 per cent in December quarter.
Interest declined by 11.56 per cent y-o-y to Rs 24.55 crore, while Taxation increased by 350.00 per cent at Rs 5.85 crore (Dec'17 Rs 1.30 crore).