The company reported standalone net profit during the quarter stood at Rs 0.03 crore compared to net loss of Rs 2.24 crore in the previous year quarter.

Net revenue of the company rose three fold by 364.15 per cent at Rs 12.30 crore in October-December quarter of this fiscal as against Rs 2.65 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 216.00 per cent to Rs 11.06 crore from Rs 3.50 crore in year ago period.

Other Income grew by 66.67 per cent at Rs 0.05 crore versus (Dec'17 Rs 0.03 crore).

Operating Profit surged by 245.88 per cent to Rs 1.24 crore as against Rs -0.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 131.17 per cent in December quarter.

Interest declined by 7.62 per cent y-o-y to Rs 0.97 crore