The company reported standalone net profit of Rs 18.65 crore for the quarter ended December 31, 2018 as compared to Rs 18.63 crore in the same period last year, registering a year-on-year growth of 0.11 per cent.

Net revenue of the company rose substantially by 25.31 per cent at Rs 666.34 crore in October-December quarter of this fiscal as against Rs 531.74 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 28.25 per cent to Rs 635.05 crore from Rs 495.15 crore in year ago period.

Other Income grew by 31.03 per cent at Rs 5.49 crore versus (Dec'17 Rs 4.19 crore).

Operating Profit slipped by 14.48 per cent to Rs 31.29 crore as against Rs 36.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.69 per cent in December quarter.

Interest grew by 38.68 per cent y-o-y to Rs 1.47 crore, while Taxation decreased by 58.13 per cent at Rs 3.32 crore (Dec'17 Rs 7.93 crore).