The company reported standalone net profit of Rs 9.19 crore for the quarter ended December 31, 2018 as compared to Rs 25.02 crore in the same period last year, registering a year-on-year decline of 63.27 per cent.

Net revenue of the company rose substantially by 42.69 per cent at Rs 123.37 crore in October-December quarter of this fiscal as against Rs 86.46 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 61.90 per cent to Rs 85.45 crore from Rs 52.78 crore in year ago period.

Other Income dipped by 97.53 per cent at Rs 0.10 crore versus (Dec'17 Rs 4.05 crore).

Operating Profit surged by 12.59 per cent to Rs 37.92 crore as against Rs 33.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.12 per cent in December quarter.

Interest grew by 1000.00 per cent y-o-y to Rs 12.10 crore, while Taxation decreased by 0.46 per cent at Rs 6.49 crore (Dec'17 Rs 6.52 crore).