The company reported standalone net profit of Rs 113.01 crore for the quarter ended December 31, 2020 as compared to Rs 58.27 crore in the same period last year, registering a year-on-year growth of 93.94 per cent.

Net revenue of the company rose marginally by 2.06 per cent at Rs 3,483.72 crore in October-December quarter of this fiscal as against Rs 3,413.28 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 1.44 per cent to Rs 3,324.91 crore from Rs 3,373.59 crore in year ago period.

Other Income dipped by 76.04 per cent at Rs 0.75 crore versus (Dec'19 Rs 3.13 crore).

Operating Profit surged by 74.59 per cent to Rs 158.81 crore as against Rs 90.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 71.43 per cent in December quarter.

Interest declined by 51.23 per cent y-o-y to Rs 7.14 crore, while Taxation increased by 90.45 per cent at Rs 38.70 crore (Dec'19 Rs 20.32 crore).