The company reported standalone net profit of Rs 253.33 crore for the quarter ended March 31, 2019 as compared to Rs 300.21 crore in the same period last year, registering a year-on-year decline of 15.62 per cent.
Net revenue of the company declined moderately by 11.62 per cent at Rs 943.24 crore in January-March quarter of this fiscal as against Rs 1,067.31 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 7.33 per cent to Rs 635.38 crore from Rs 685.63 crore in year ago period.
Other Income dipped by 68.47 per cent at Rs 92.42 crore versus (Mar'18 Rs 293.13 crore).
Operating Profit slipped by 19.34 per cent to Rs 307.86 crore as against Rs 381.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.72 per cent in March quarter.
Interest grew by 0.54 per cent y-o-y to Rs 194.33 crore, while Taxation decreased by 153.71 per cent at Rs -79.46 crore (Mar'18 Rs 147.94 crore).