The company reported standalone net profit of Rs 296.77 crore for the quarter ended December 31, 2018 as compared to Rs 452.10 crore in the same period last year, registering a year-on-year decline of 34.36 per cent.
Net revenue of the company declined substantially by 45.70 per cent at Rs 266.18 crore in October-December quarter of this fiscal as against Rs 490.18 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 1048.93 per cent to Rs 107.08 crore from Rs 9.32 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.18 crore versus (Dec'17 Rs 0.18 crore).
Operating Profit slipped by 38.16 per cent to Rs 297.34 crore as against Rs 480.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.87 per cent in December quarter.
Taxation decreased by 97.41 per cent at Rs 0.75 crore (Dec'17 Rs 28.94 crore).