The company reported standalone net profit of Rs 212.68 crore for the quarter ended March 31, 2019 as compared to Rs 12.62 crore in the same period last year, registering a year-on-year growth of 1585.26 per cent.
Net revenue of the company declined moderately by 9.08 per cent at Rs 132.42 crore in January-March quarter of this fiscal as against Rs 145.64 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 3.91 per cent to Rs 90.09 crore from Rs 86.70 crore in year ago period.
Other Income grew by 1070.57 per cent at Rs 40.97 crore versus (Mar'18 Rs 3.50 crore).
Operating Profit slipped by 28.30 per cent to Rs 42.33 crore as against Rs 59.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.14 per cent in March quarter.
Interest grew by 9.37 per cent y-o-y to Rs 25.56 crore, while Taxation increased by 0.00 per cent at Rs -267.67 crore (Mar'18 Rs 0.00 crore).