The company reported standalone net profit of Rs 17.50 crore for the quarter ended December 31, 2019 as compared to Rs 2.31 crore in the same period last year, registering a year-on-year growth of 657.58 per cent.

Net revenue of the company rose marginally by 1.01 per cent at Rs 112.17 crore in October-December quarter of this fiscal as against Rs 111.05 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 0.27 per cent to Rs 106.20 crore from Rs 106.49 crore in year ago period.

Other Income grew by 626.99 per cent at Rs 11.85 crore versus (Dec'18 Rs 1.63 crore).

Operating Profit surged by 31.43 per cent to Rs 5.98 crore as against Rs 4.55 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 30.00 per cent in December quarter.

Interest declined by 91.76 per cent y-o-y to Rs 0.31 crore, while Taxation increased by 42.86 per cent at Rs -0.20 crore (Dec'18 Rs -0.14 crore).