The company reported standalone net profit of Rs 13.04 crore for the quarter ended September 30, 2018 as compared to Rs 18.00 crore in the same period last year, registering a year-on-year decline of 27.56 per cent.

Net revenue of the company declined substantially by 25.53 per cent at Rs 54.83 crore in July-September quarter of this fiscal as against Rs 73.63 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 28.53 per cent to Rs 24.55 crore from Rs 34.35 crore in year ago period.

Other Income dipped by 63.11 per cent at Rs 0.38 crore versus (Sep'17 Rs 1.03 crore).

Operating Profit slipped by 22.89 per cent to Rs 30.28 crore as against Rs 39.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.52 per cent in September quarter.

Interest declined by 33.22 per cent y-o-y to Rs 2.03 crore, while Taxation decreased by 30.33 per cent at Rs 6.73 crore (Sep'17 Rs 9.66 crore).