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The company reported standalone net profit of Rs 37.85 crore for the quarter ended March 31, 2019 as compared to Rs 31.45 crore in the same period last year, registering a year-on-year growth of 20.35 per cent. Net revenue of the company rose marginally by 2.30 per cent at Rs 56.45 crore in January-March quarter of this fiscal as against Rs 55.18 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 0.34 per cent to Rs 11.69 crore from Rs 11.65 crore in year ago period. Other Income grew by 48.31 per cent at Rs 11.39 crore versus (Mar'18 Rs 7.68 crore). Operating Profit surged by 2.80 per cent to Rs 44.76 crore as against Rs 43.54 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.51 per cent in March quarter. Interest grew by 1020.00 per cent y-o-y to Rs 0.56 crore, while Taxation decreased by 9.59 per cent at Rs 15.18 crore (Mar'18 Rs 16.79 crore).