The company reported standalone net profit of Rs 6,069.00 crore for the quarter ended December 31, 2017 as compared to Rs 6084.00 crore in the same period last year, registering a year-on-year decline of 0.25 per cent. Net revenue of the company rose marginally by 4.72 per cent at Rs 24,278.00 crore in October-December quarter of this fiscal as against Rs 23,184.00 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 4.41 per cent to Rs 17,161.00 crore from Rs 16,436.00 crore in year ago period. Other Income dipped by 23.31 per cent at Rs 1,043.00 crore versus (Dec'16 Rs 1,360.00 crore).
Operating Profit surged by 5.47 per cent to Rs 7,117.00 crore as against Rs 6,748.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.69 per cent in December quarter. Interest declined by 33.33 per cent y-o-y to Rs 2.00 crore, while Taxation increased by 2.64 per cent at Rs 1,670.00 crore (Dec'16 Rs 1,627.00 crore).