The company reported standalone net profit of Rs 35.72 crore for the quarter ended March 31, 2018 as compared to Rs 55.91 crore in the same period last year, registering a year-on-year decline of 36.11 per cent. Net revenue of the company rose moderately by 11.38 per cent at Rs 544.13 crore in January-March quarter of this fiscal as against Rs 488.54 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 13.89 per cent to Rs 460.97 crore from Rs 404.76 crore in year ago period.
Other Income dipped by 90.81 per cent at Rs 1.30 crore versus (Mar'17 Rs 14.15 crore). Operating Profit slipped by 0.74 per cent to Rs 83.16 crore as against Rs 83.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.90 per cent in March quarter. Interest grew by 378.04 per cent y-o-y to Rs 12.19 crore, while Taxation decreased by 63.15 per cent at Rs 8.81 crore (Mar'17 Rs 23.91 crore).