The company reported standalone net profit of Rs 4.31 crore for the quarter ended March 31, 2019 as compared to Rs 5.17 crore in the same period last year, registering a year-on-year decline of 16.63 per cent.

Net revenue of the company rose triple digit by 116.35 per cent at Rs 63.78 crore in January-March quarter of this fiscal as against Rs 29.48 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 96.95 per cent to Rs 60.09 crore from Rs 30.51 crore in year ago period.

Other Income grew by 33.33 per cent at Rs 0.24 crore versus (Mar'18 Rs 0.18 crore).

Operating Profit surged by 458.25 per cent to Rs 3.69 crore as against Rs -1.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 266.38 per cent in March quarter.

Interest grew by 48.31 per cent y-o-y to Rs 1.32 crore, while Taxation increased by 21.98 per cent at Rs -1.11 crore (Mar'18 Rs -0.91 crore).