The company reported standalone net profit of Rs 309.00 crore for the quarter ended March 31, 2019 as compared to Rs 292.00 crore in the same period last year, registering a year-on-year growth of 5.82 per cent.

Net revenue of the company declined moderately by 7.41 per cent at Rs 1,662.00 crore in January-March quarter of this fiscal as against Rs 1,795.00 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 1.18 per cent to Rs 1,512.00 crore from Rs 1,530.00 crore in year ago period.

Other Income grew by 50.00 per cent at Rs 72.00 crore versus (Mar'18 Rs 48.00 crore).

Operating Profit slipped by 43.40 per cent to Rs 150.00 crore as against Rs 265.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.82 per cent in March quarter.

Interest declined by 6.03 per cent y-o-y to Rs 109.00 crore, while Taxation increased by 5.00 per cent at Rs 84.00 crore (Mar'18 Rs 80.00 crore).