The company reported standalone net profit of Rs 21.14 crore for the quarter ended December 31, 2018 as compared to Rs 12.92 crore in the same period last year, registering a year-on-year growth of 63.62 per cent.

Net revenue of the company declined marginally by 4.11 per cent at Rs 424.63 crore in October-December quarter of this fiscal as against Rs 442.81 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 6.59 per cent to Rs 420.26 crore from Rs 449.90 crore in year ago period.

Other Income dipped by 10.76 per cent at Rs 27.77 crore versus (Dec'17 Rs 31.12 crore).

Operating Profit surged by 161.64 per cent to Rs 4.37 crore as against Rs -7.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 164.38 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 21.65 per cent at Rs 5.90 crore (Dec'17 Rs 4.85 crore).