The company reported standalone net profit of Rs 1.00 crore for the quarter ended December 31, 2019 as compared to Rs 0.91 crore in the same period last year, registering a year-on-year growth of 9.89 per cent.

Net revenue of the company declined substantially by 66.87 per cent at Rs 44.45 crore in October-December quarter of this fiscal as against Rs 134.17 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 70.35 per cent to Rs 39.48 crore from Rs 133.14 crore in year ago period.

Other Income dipped by 46.27 per cent at Rs 2.88 crore versus (Dec'18 Rs 5.36 crore).

Operating Profit surged by 382.52 per cent to Rs 4.97 crore as against Rs 1.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1353.25 per cent in December quarter.

Interest grew by 133.66 per cent y-o-y to Rs 4.79 crore, while Taxation decreased by 73.93 per cent at Rs 0.55 crore (Dec'18 Rs 2.11 crore).