The company reported standalone net profit of Rs 4.96 crore for the quarter ended September 30, 2017 as compared to Rs 4.87 crore in the same period last year, registering a year-on-year growth of 1.85 per cent. Net revenue of the company rose moderately by 10.47 per cent at Rs 55.31 crore in July-September quarter of this fiscal as against Rs 50.07 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 15.24 per cent to Rs 50.45 crore from Rs 43.78 crore in year ago period. Other Income grew by 184.38 per cent at Rs 2.73 crore versus (Sep'16 Rs 0.96 crore).
Operating Profit slipped by 24.30 per cent to Rs 4.86 crore as against Rs 6.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.49 per cent in September quarter. Taxation increased by 4.31 per cent at Rs 2.18 crore