The company reported standalone net profit of Rs 275.68 crore for the quarter ended September 30, 2020 as compared to Rs 196.02 crore in the same period last year, registering a year-on-year growth of 40.64 per cent.

Net revenue of the company rose moderately by 7.03 per cent at Rs 1,297.77 crore in July-September quarter of this fiscal as against Rs 1,212.56 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 1.41 per cent to Rs 937.61 crore from Rs 951.00 crore in year ago period.

Other Income grew by 4.68 per cent at Rs 15.00 crore versus (Sep'19 Rs 14.33 crore).

Operating Profit surged by 37.70 per cent to Rs 360.16 crore as against Rs 261.56 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 28.65 per cent in September quarter.

Interest declined by 55.31 per cent y-o-y to Rs 1.81 crore, while Taxation increased by 67.40 per cent at Rs 51.41 crore (Sep'19 Rs 30.71 crore).