The company reported standalone net profit during the quarter stood at Rs 14.85 crore compared to net loss of Rs 47.02 crore in the previous year quarter. Net revenue of the company rose moderately by 14.26 per cent at Rs 1,296.32 crore in October-December quarter of this fiscal as against Rs 1,134.54 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 9.44 per cent to Rs 1,214.12 crore from Rs 1,109.42 crore in year ago period. Other Income dipped by 26.57 per cent at Rs 13.10 crore versus (Dec'16 Rs 17.84 crore). Operating Profit surged by 198.36 per cent to Rs 90.70 crore as against Rs 30.40 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 161.19 per cent in December quarter. Interest declined by 10.42 per cent y-o-y to Rs 48.72 crore