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The company reported standalone net profit of Rs 279.95 crore for the quarter ended June 30, 2019 as compared to Rs 430.98 crore in the same period last year, registering a year-on-year decline of 35.04 per cent. Net revenue of the company declined moderately by 13.49 per cent at Rs 2,778.82 crore in April-June quarter of this fiscal as against Rs 3,212.15 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 11.15 per cent to Rs 2,295.91 crore from Rs 2,583.98 crore in year ago period.
Other Income dipped by 13.88 per cent at Rs 98.75 crore versus (Jun'18 Rs 114.66 crore). Operating Profit slipped by 23.12 per cent to Rs 482.91 crore as against Rs 628.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.15 per cent in June quarter. Interest grew by 17700.00 per cent y-o-y to Rs 1.78 crore, while Taxation decreased by 34.71 per cent at Rs 142.29 crore (Jun'18 Rs 217.94 crore).