The company reported standalone net profit of Rs 28.59 crore for the quarter ended December 31, 2017 as compared to Rs 26.63 crore in the same period last year, registering a year-on-year growth of 7.36 per cent. Net revenue of the company rose moderately by 6.11 per cent at Rs 221.51 crore in October-December quarter of this fiscal as against Rs 208.76 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 9.38 per cent to Rs 186.19 crore from Rs 170.22 crore in year ago period.
Other Income grew by 79.46 per cent at Rs 4.63 crore versus (Dec'16 Rs 2.58 crore). Operating Profit slipped by 9.02 per cent to Rs 35.31 crore as against Rs 38.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.25 per cent in December quarter. Interest grew by 12.50 per cent y-o-y to Rs 0.27 crore, while Taxation decreased by 30.60 per cent at Rs 7.46 crore (Dec'16 Rs 10.75 crore).