The company reported standalone net profit of Rs 235.82 crore for the quarter ended March 31, 2019 as compared to Rs 376.97 crore in the same period last year, registering a year-on-year decline of 37.44 per cent.
Net revenue of the company rose by 5.92 per cent at Rs 12,372.66 crore in January-March quarter of this fiscal as against Rs 11,681.10 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 10.04 per cent to Rs 11,470.26 crore from Rs 10,423.50 crore in year ago period.
Other Income grew by 75.96 per cent at Rs 360.57 crore versus (Mar'18 Rs 204.92 crore).
Operating Profit slipped by 28.24 per cent to Rs 902.40 crore as against Rs 1,257.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.31 per cent in March quarter.
Interest declined by 7.18 per cent y-o-y to Rs 414.32 crore, while Taxation decreased by 14.63 per cent at Rs 153.13 crore (Mar'18 Rs 179.37 crore).