The company reported standalone net profit of Rs 18.80 crore for the quarter ended December 31, 2018 as compared to Rs 15.69 crore in the same period last year, registering a year-on-year growth of 19.82 per cent.

Net revenue of the company declined substantially by 30.82 per cent at Rs 3.39 crore in October-December quarter of this fiscal as against Rs 4.90 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 19.58 per cent to Rs 2.87 crore from Rs 2.40 crore in year ago period.

Other Income grew by 34.70 per cent at Rs 19.76 crore versus (Dec'17 Rs 14.67 crore).

Operating Profit slipped by 79.28 per cent to Rs 0.52 crore as against Rs 2.51 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 69.78 per cent in December quarter.

Interest declined by 36.36 per cent y-o-y to Rs 0.56 crore, while Taxation decreased by 77.27 per cent at Rs -0.05 crore (Dec'17 Rs -0.22 crore).