The company reported standalone net profit of Rs 1.32 crore for the quarter ended September 30, 2017 as compared to Rs 2.57 crore in the same period last year, registering a year-on-yearÿdeclineÿof 48.64 per cent.
Net revenue of the company rose substantially by 35.82 per cent at Rs 75.41 crore in July-September quarter of this fiscal as against Rs 55.52 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 22.67 per cent to Rs 69.05 crore from Rs 56.29 crore in year ago period.
Operating Profit surged by 7.60 per cent to Rs 6.37 crore as against Rs 5.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.90 per cent in September quarter.
Interest grew by 331.03 per cent y-o-y to Rs 2.50 crore, while Taxation decreased by 22.45 per cent at Rs -0.76 crore (Sep'16 Rs -0.98 crore).