The company reported standalone net profit of Rs 1.67 crore for the quarter ended December 31, 2018 as compared to Rs 6.13 crore in the same period last year, registering a year-on-year decline of 72.76 per cent.

Net revenue of the company rose substantially by 34.70 per cent at Rs 26.63 crore in October-December quarter of this fiscal as against Rs 19.77 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 12.81 per cent to Rs 15.23 crore from Rs 13.50 crore in year ago period.

Other Income dipped by 90.87 per cent at Rs 1.18 crore versus (Dec'17 Rs 12.93 crore).

Operating Profit surged by 81.82 per cent to Rs 11.40 crore as against Rs 6.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 34.89 per cent in December quarter.

Interest declined by 12.45 per cent y-o-y to Rs 4.64 crore, while Taxation decreased by 93.71 per cent at Rs 0.10 crore (Dec'17 Rs 1.59 crore).