The company reported standalone net profit of Rs 675.18 crore for the quarter ended December 31, 2019 as compared to Rs 565.31 crore in the same period last year, registering a year-on-year growth of 19.44 per cent.
Net revenue of the company declined moderately by 11.76 per cent at Rs 8,910.23 crore in October-December quarter of this fiscal as against Rs 10,097.74 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 15.64 per cent to Rs 7,802.66 crore from Rs 9,249.66 crore in year ago period.
Other Income dipped by 4.84 per cent at Rs 84.16 crore versus (Dec'18 Rs 88.44 crore).
Operating Profit surged by 30.60 per cent to Rs 1,107.57 crore as against Rs 848.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 47.98 per cent in December quarter.
Interest grew by 336.49 per cent y-o-y to Rs 94.02 crore, while Taxation decreased by 7.90 per cent at Rs 226.53 crore (Dec'18 Rs 245.97 crore).