The company reported standalone net profit of Rs 724.81 crore for the quarter ended September 30, 2020 as compared to Rs 823.16 crore in the same period last year, registering a year-on-year decline of 11.95 per cent.
Net revenue of the company declined by 0.24 per cent at Rs 3,207.24 crore in July-September quarter of this fiscal as against Rs 3,215.01 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 1.31 per cent to Rs 2,505.02 crore from Rs 2,538.38 crore in year ago period.
Other Income dipped by 71.67 per cent at Rs 73.18 crore versus (Sep'19 Rs 258.33 crore).
Operating Profit slipped by 5.68 per cent to Rs 787.49 crore as against Rs 834.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.47 per cent in September quarter.
Interest declined by 88.28 per cent y-o-y to Rs 13.42 crore, while Taxation decreased by 239.22 per cent at Rs -22.93 crore (Sep'19 Rs 16.47 crore).