The company reported standalone net profit of Rs 495.14 crore for the quarter ended December 31, 2018 as compared to Rs 2143.74 crore in the same period last year, registering a year-on-year decline of 76.90 per cent.
Net revenue of the company rose substantially by 30.61 per cent at Rs 79,168.84 crore in October-December quarter of this fiscal as against Rs 60,616.36 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 36.57 per cent to Rs 78,431.48 crore from Rs 57,428.12 crore in year ago period.
Other Income grew by 32.97 per cent at Rs 967.19 crore versus (Dec'17 Rs 727.40 crore).
Operating Profit slipped by 76.87 per cent to Rs 737.36 crore as against Rs 3,188.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 82.32 per cent in December quarter.
Interest grew by 68.28 per cent y-o-y to Rs 336.90 crore, while Taxation decreased by 89.45 per cent at Rs 94.37 crore (Dec'17 Rs 894.27 crore).