The company reported standalone net profit of Rs 0.03 crore for the quarter ended September 30, 2017 as compared to Rs 0.32 crore in the same period last year, registering a year-on-year decline of 90.63 per cent. Net revenue of the company declined substantially by 39.30 per cent at Rs 19.85 crore in July-September quarter of this fiscal as against Rs 32.70 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 40.00 per cent to Rs 19.05 crore from Rs 31.75 crore in year ago period.
Other Income grew by 56.76 per cent at Rs 0.58 crore versus (Sep'16 Rs 0.37 crore). Operating Profit slipped by 15.79 per cent to Rs 0.80 crore as against Rs 0.95 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 38.49 per cent in September quarter. Interest declined by 2.90 per cent y-o-y to Rs 0.67 crore, while Taxation increased by 525.00 per cent at Rs 0.50 crore