The company reported standalone net profit of Rs 0.57 crore for the quarter ended December 31, 2018 as compared to Rs 11.19 crore in the same period last year, registering a year-on-year decline of 94.91 per cent.

Net revenue of the company rose substantially by 20.34 per cent at Rs 2,199.06 crore in October-December quarter of this fiscal as against Rs 1,827.34 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 21.55 per cent to Rs 2,198.25 crore from Rs 1,808.48 crore in year ago period.

Other Income grew by 174.12 per cent at Rs 2.33 crore versus (Dec'17 Rs 0.85 crore).

Operating Profit slipped by 95.71 per cent to Rs 0.81 crore as against Rs 18.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 96.12 per cent in December quarter.

Interest grew by 55.94 per cent y-o-y to Rs 2.23 crore, while Taxation decreased by 107.68 per cent at Rs -0.46 crore (Dec'17 Rs 5.99 crore).