The company reported standalone net profit of Rs 65.37 crore for the quarter ended March 31, 2018 as compared to Rs 31.16 crore in the same period last year, registering a year-on-year growth of 109.79 per cent.
Net revenue of the company rose moderately by 11.20 per cent at Rs 786.21 crore in January-March quarter of this fiscal as against Rs 707.03 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 4.19 per cent to Rs 530.74 crore from Rs 509.38 crore in year ago period.
Other Income dipped by 2.19 per cent at Rs 17.88 crore versus (Mar'17 Rs 18.28 crore).
Operating Profit surged by 29.25 per cent to Rs 255.47 crore as against Rs 197.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.24 per cent in March quarter.
Interest declined by 20.99 per cent y-o-y to Rs 42.09 crore, while Taxation increased by 23.90 per cent at Rs 72.10 crore (Mar'17 Rs 58.19 crore).