The company reported standalone net profit of Rs 2.05 crore for the quarter ended September 30, 2017 as compared to Rs 2.93 crore in the same period last year, registering a year-on-year decline of 30.03 per cent. Net revenue of the company declined moderately by 14.62 per cent at Rs 39.60 crore in July-September quarter of this fiscal as against Rs 46.38 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 12.55 per cent to Rs 34.48 crore from Rs 39.43 crore in year ago period.
Other Income grew by 140.00 per cent at Rs 0.60 crore versus (Sep'16 Rs 0.25 crore). Operating Profit slipped by 31.09 per cent to Rs 5.12 crore as against Rs 7.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.24 per cent in September quarter. Interest declined by 95.74 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 42.00 per cent at Rs 0.87 crore