The company reported standalone net profit of Rs 1,351.00 crore for the quarter ended March 31, 2018 as compared to Rs 1183.00 crore in the same period last year, registering a year-on-year growth of 14.20 per cent.
Net revenue of the company rose moderately by 11.15 per cent at Rs 9,003.00 crore in January-March quarter of this fiscal as against Rs 8,100.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 7.42 per cent to Rs 7,049.00 crore from Rs 6,562.00 crore in year ago period.
Other Income grew by 20.48 per cent at Rs 100.00 crore versus (Mar'17 Rs 83.00 crore).
Operating Profit surged by 24.05 per cent to Rs 2,048.00 crore as against Rs 1,651.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.63 per cent in March quarter.
Interest declined by 33.33 per cent y-o-y to Rs 4.00 crore, while Taxation increased by 37.84 per cent at Rs 601.00 crore (Mar'17 Rs 436.00 crore).