The company reported standalone net profit of Rs 463.28 crore for the quarter ended March 31, 2019 as compared to Rs 424.03 crore in the same period last year, registering a year-on-year growth of 9.26 per cent.
Net revenue of the company rose moderately by 8.97 per cent at Rs 2,982.39 crore in January-March quarter of this fiscal as against Rs 2,736.84 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 9.94 per cent to Rs 2,265.25 crore from Rs 2,060.39 crore in year ago period.
Other Income grew by 29.70 per cent at Rs 73.19 crore versus (Mar'18 Rs 56.43 crore).
Operating Profit surged by 5.86 per cent to Rs 737.70 crore as against Rs 696.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.83 per cent in March quarter.
Interest grew by 1.74 per cent y-o-y to Rs 31.61 crore, while Taxation increased by 10.39 per cent at Rs 238.05 crore (Mar'18 Rs 215.65 crore).