The company reported standalone net profit of Rs 810.95 crore for the quarter ended June 30, 2019 as compared to Rs 1719.21 crore in the same period last year, registering a year-on-year decline of 52.83 per cent.
Net revenue of the company rose by 5.02 per cent at Rs 70,710.53 crore in April-June quarter of this fiscal as against Rs 67,331.52 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 7.61 per cent to Rs 69,344.99 crore from Rs 64,438.20 crore in year ago period.
Other Income grew by 101.73 per cent at Rs 616.46 crore versus (Jun'18 Rs 305.59 crore).
Operating Profit slipped by 48.48 per cent to Rs 1,643.93 crore as against Rs 3,190.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 51.05 per cent in June quarter.
Interest grew by 8.07 per cent y-o-y to Rs 206.29 crore, while Taxation decreased by 51.34 per cent at Rs 428.09 crore (Jun'18 Rs 879.75 crore).