The company reported standalone net profit of Rs 414.10 crore for the quarter ended December 31, 2019 as compared to Rs 468.90 crore in the same period last year, registering a year-on-year decline of 11.69 per cent.
Net revenue of the company declined marginally by 3.84 per cent at Rs 1,665.90 crore in October-December quarter of this fiscal as against Rs 1,732.50 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 12.11 per cent to Rs 799.60 crore from Rs 909.80 crore in year ago period.
Other Income dipped by 34.22 per cent at Rs 17.30 crore versus (Dec'18 Rs 26.30 crore).
Operating Profit surged by 5.30 per cent to Rs 866.30 crore as against Rs 822.70 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.50 per cent in December quarter.
Interest grew by 116.75 per cent y-o-y to Rs 19.90 crore, while Taxation decreased by 40.23 per cent at Rs 140.10 crore (Dec'18 Rs 234.40 crore).