The company reported standalone net profit of Rs 426.98 crore for the quarter ended March 31, 2019 as compared to Rs 271.77 crore in the same period last year, registering a year-on-year growth of 57.11 per cent.
Net revenue of the company rose marginally by 2.27 per cent at Rs 2,927.62 crore in January-March quarter of this fiscal as against Rs 2,862.58 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 4.62 per cent to Rs 2,464.37 crore from Rs 2,355.48 crore in year ago period.
Other Income grew by 373.58 per cent at Rs 240.20 crore versus (Mar'18 Rs 50.72 crore).
Operating Profit slipped by 8.65 per cent to Rs 463.25 crore as against Rs 507.10 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.67 per cent in March quarter.
Interest declined by 32.10 per cent y-o-y to Rs 17.47 crore, while Taxation increased by 5.39 per cent at Rs 127.60 crore (Mar'18 Rs 121.07 crore).