The company reported standalone net profit of Rs 5.70 crore for the quarter ended March 31, 2019 as compared to Rs 20.67 crore in the same period last year, registering a year-on-year decline of 72.42 per cent.

Net revenue of the company rose moderately by 18.46 per cent at Rs 619.65 crore in January-March quarter of this fiscal as against Rs 523.11 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 24.58 per cent to Rs 604.67 crore from Rs 485.37 crore in year ago period.

Other Income dipped by 12.00 per cent at Rs 6.60 crore versus (Mar'18 Rs 7.50 crore).

Operating Profit slipped by 60.31 per cent to Rs 14.98 crore as against Rs 37.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 66.44 per cent in March quarter.

Interest grew by 79.21 per cent y-o-y to Rs 1.81 crore, while Taxation decreased by 105.06 per cent at Rs -0.54 crore (Mar'18 Rs 10.68 crore).