The company reported standalone net profit of Rs 0.86 crore for the quarter ended March 31, 2019 as compared to Rs 0.48 crore in the same period last year, registering a year-on-year growth of 79.17 per cent.
Net revenue of the company rose substantially by 22.24 per cent at Rs 43.20 crore in January-March quarter of this fiscal as against Rs 35.34 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 12.34 per cent to Rs 43.05 crore from Rs 38.32 crore in year ago period.
Other Income dipped by 91.24 per cent at Rs 0.63 crore versus (Mar'18 Rs 7.19 crore).
Operating Profit surged by 105.02 per cent to Rs 0.15 crore as against Rs -2.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 104.14 per cent in March quarter.
Interest declined by 107.69 per cent y-o-y to Rs -0.02 crore, while Taxation decreased by 106.49 per cent at Rs -0.20 crore (Mar'18 Rs 3.08 crore).