The company reported standalone net profit of Rs 39.00 crore for the quarter ended March 31, 2019 as compared to Rs 6072.00 crore in the same period last year, registering a year-on-year decline of 99.36 per cent.
Net revenue of the company declined substantially by 35.17 per cent at Rs 9,099.00 crore in January-March quarter of this fiscal as against Rs 14,036.00 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 31.26 per cent to Rs 7,992.00 crore from Rs 11,627.00 crore in year ago period.
Other Income dipped by 91.11 per cent at Rs 193.00 crore versus (Mar'18 Rs 2,172.00 crore).
Operating Profit slipped by 47.53 per cent to Rs 1,264.00 crore as against Rs 2,409.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.06 per cent in March quarter.
Interest declined by 6.45 per cent y-o-y to Rs 885.00 crore, while Taxation decreased by 112.39 per cent at Rs -233.00 crore (Mar'18 Rs 1,881.00 crore).