The company reported standalone net profit of Rs 531.95 crore for the quarter ended June 30, 2020 as compared to Rs 763.37 crore in the same period last year, registering a year-on-year decline of 30.32 per cent.
Net revenue of the company declined marginally by 4.70 per cent at Rs 2,878.64 crore in April-June quarter of this fiscal as against Rs 3,020.49 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 5.31 per cent to Rs 2,241.02 crore from Rs 2,366.62 crore in year ago period.
Other Income grew by 14.05 per cent at Rs 21.19 crore versus (Jun'19 Rs 18.58 crore).
Operating Profit slipped by 23.38 per cent to Rs 722.02 crore as against Rs 942.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.62 per cent in June quarter.
Interest grew by 20.35 per cent y-o-y to Rs 68.90 crore, while Taxation decreased by 109.01 per cent at Rs -0.43 crore (Jun'19 Rs 4.77 crore).