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The company reported standalone net profit of Rs 848.81 crore for the quarter ended March 31, 2019 as compared to Rs 1059.09 crore in the same period last year, registering a year-on-year decline of 19.85 per cent. Net revenue of the company rose by 5.47 per cent at Rs 14,035.16 crore in January-March quarter of this fiscal as against Rs 13,307.88 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 7.23 per cent to Rs 12,389.41 crore from Rs 11,553.68 crore in year ago period.
Other Income grew by 38.06 per cent at Rs 236.76 crore versus (Mar'18 Rs 171.49 crore). Operating Profit slipped by 6.18 per cent to Rs 1,645.75 crore as against Rs 1,754.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.00 per cent in March quarter. Interest declined by 14.90 per cent y-o-y to Rs 28.09 crore, while Taxation decreased by 23.60 per cent at Rs 368.36 crore (Mar'18 Rs 482.13 crore).