The company reported standalone net profit of Rs 1,305.59 crore for the quarter ended March 31, 2019 as compared to Rs 1079.87 crore in the same period last year, registering a year-on-year growth of 20.90 per cent.
Net revenue of the company rose moderately by 8.64 per cent at Rs 7,225.20 crore in January-March quarter of this fiscal as against Rs 6,650.81 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 14.20 per cent to Rs 6,232.94 crore from Rs 5,458.06 crore in year ago period.
Other Income grew by 18.02 per cent at Rs 432.73 crore versus (Mar'18 Rs 366.66 crore).
Operating Profit slipped by 11.63 per cent to Rs 1,162.25 crore as against Rs 1,315.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.66 per cent in March quarter.
Interest declined by 3.33 per cent y-o-y to Rs 0.29 crore, while Taxation increased by 10.98 per cent at Rs 570.27 crore (Mar'18 Rs 513.84 crore).