The company reported standalone net profit of Rs 981.10 crore for the quarter ended March 31, 2019 as compared to Rs 987.24 crore in the same period last year, registering a year-on-year decline of 0.62 per cent.
Net revenue of the company rose moderately by 17.34 per cent at Rs 7,064.60 crore in January-March quarter of this fiscal as against Rs 6,020.57 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 19.86 per cent to Rs 5,903.50 crore from Rs 4,925.51 crore in year ago period.
Other Income dipped by 27.23 per cent at Rs 292.30 crore versus (Mar'18 Rs 401.68 crore).
Operating Profit surged by 6.03 per cent to Rs 1,161.10 crore as against Rs 1,095.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.62 per cent in March quarter.
Interest declined by 38.40 per cent y-o-y to Rs 10.30 crore, while Taxation decreased by 0.84 per cent at Rs 310.40 crore (Mar'18 Rs 313.02 crore).