The company reported standalone net profit during the quarter stood at Rs 1.19 crore compared to net loss of Rs 2.25 crore in the previous year quarter.

Net revenue of the company rose substantially by 58.70 per cent at Rs 45.15 crore in October-December quarter of this fiscal as against Rs 28.45 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 42.01 per cent to Rs 42.46 crore from Rs 29.90 crore in year ago period.

Other Income grew by 100.00 per cent at Rs 0.10 crore versus (Dec'17 Rs 0.05 crore).

Operating Profit surged by 284.93 per cent to Rs 2.70 crore as against Rs -1.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 216.60 per cent in December quarter.

Interest grew by 17.58 per cent y-o-y to Rs 1.07 crore, while Taxation increased by 1133.33 per cent at Rs 0.31 crore (Dec'17 Rs -0.03 crore).