The company reported standalone net profit of Rs 381.16 crore for the quarter ended March 31, 2020 as compared to Rs 289.69 crore in the same period last year, registering a year-on-year growth of 31.58 per cent.
Net revenue of the company declined by 0.06 per cent at Rs 2,629.79 crore in January-March quarter of this fiscal as against Rs 2,631.29 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 0.70 per cent to Rs 2,261.67 crore from Rs 2,245.88 crore in year ago period.
Other Income grew by 29.01 per cent at Rs 75.21 crore versus (Mar'19 Rs 58.30 crore). Operating Profit surged by 1.91 per cent to Rs 430.27 crore as against Rs 422.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.93 per cent in March quarter. Interest grew by 5982.35 per cent y-o-y to Rs 20.68 crore, while Taxation decreased by 58.29 per cent at Rs 64.32 crore (Mar'19 Rs 154.21 crore).