The company reported standalone net profit of Rs 627.90 crore for the quarter ended September 30, 2019 as compared to Rs 666.50 crore in the same period last year, registering a year-on-year decline of 5.79 per cent.
Net revenue of the company declined by 0.95 per cent at Rs 1,567.30 crore in July-September quarter of this fiscal as against Rs 1,582.40 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 7.21 per cent to Rs 1,217.00 crore from Rs 1,135.20 crore in year ago period.
Other Income dipped by 0.44 per cent at Rs 408.00 crore versus (Sep'18 Rs 409.80 crore). Operating Profit slipped by 8.56 per cent to Rs 465.70 crore as against Rs 509.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.70 per cent in September quarter. Interest grew by 68.64 per cent y-o-y to Rs 68.30 crore, while Taxation decreased by 31.43 per cent at Rs 85.10 crore (Sep'18 Rs 124.10 crore).