The company reported standalone net profit of Rs 162.84 crore for the quarter ended March 31, 2019 as compared to Rs 69.14 crore in the same period last year, registering a year-on-year growth of 135.52 per cent.

Net revenue of the company declined marginally by 2.71 per cent at Rs 364.18 crore in January-March quarter of this fiscal as against Rs 374.34 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 13.52 per cent to Rs 215.65 crore from Rs 249.36 crore in year ago period.

Other Income grew by 268.68 per cent at Rs 104.78 crore versus (Mar'18 Rs 28.42 crore).

Operating Profit surged by 18.84 per cent to Rs 148.53 crore as against Rs 124.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 22.13 per cent in March quarter.

Interest declined by 38.47 per cent y-o-y to Rs 12.22 crore, while Taxation increased by 60.61 per cent at Rs 36.41 crore (Mar'18 Rs 22.67 crore).