The company reported standalone net profit of Rs 3.19 crore for the quarter ended December 31, 2018 as compared to Rs 2.59 crore in the same period last year, registering a year-on-year growth of 23.17 per cent.

Net revenue of the company rose substantially by 21.78 per cent at Rs 61.84 crore in October-December quarter of this fiscal as against Rs 50.78 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 22.36 per cent to Rs 56.53 crore from Rs 46.20 crore in year ago period.

Operating Profit surged by 15.94 per cent to Rs 5.31 crore as against Rs 4.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.88 per cent in December quarter.

Interest grew by 94.87 per cent y-o-y to Rs 0.76 crore, while Taxation decreased by 28.33 per cent at Rs 0.86 crore (Dec'17 Rs 1.20 crore).