The company reported standalone net profit of Rs 8.55 crore for the quarter ended March 31, 2019 as compared to Rs 5.10 crore in the same period last year, registering a year-on-year growth of 67.65 per cent.

Net revenue of the company rose substantially by 29.85 per cent at Rs 24.88 crore in January-March quarter of this fiscal as against Rs 19.16 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 81.32 per cent to Rs 11.55 crore from Rs 6.37 crore in year ago period.

Other Income grew by 182.76 per cent at Rs 3.28 crore versus (Mar'18 Rs 1.16 crore).

Operating Profit surged by 4.22 per cent to Rs 13.33 crore as against Rs 12.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.72 per cent in March quarter.

Interest grew by 107.00 per cent y-o-y to Rs 5.32 crore, while Taxation decreased by 229.50 per cent at Rs -1.80 crore (Mar'18 Rs 1.39 crore).