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The company reported standalone net profit of Rs 414.33 crore for the quarter ended March 31, 2019 as compared to Rs 353.58 crore in the same period last year, registering a year-on-year growth of 17.18 per cent. Net revenue of the company rose by 5.88 per cent at Rs 1,598.43 crore in January-March quarter of this fiscal as against Rs 1,509.62 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 9.61 per cent to Rs 1,204.69 crore from Rs 1,099.07 crore in year ago period.
Other Income dipped by 11.00 per cent at Rs 63.05 crore versus (Mar'18 Rs 70.84 crore). Operating Profit slipped by 4.09 per cent to Rs 393.74 crore as against Rs 410.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.45 per cent in March quarter. Interest grew by 6.59 per cent y-o-y to Rs 6.31 crore, while Taxation decreased by 92.14 per cent at Rs 7.51 crore (Mar'18 Rs 95.56 crore).