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The company reported standalone net profit of Rs 149.89 crore for the quarter ended December 31, 2020 as compared to Rs 144.74 crore in the same period last year, registering a year-on-year growth of 3.56 per cent. Net revenue of the company declined marginally by 3.00 per cent at Rs 874.16 crore in October-December quarter of this fiscal as against Rs 901.20 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 3.65 per cent to Rs 686.61 crore from Rs 712.61 crore in year ago period. Other Income grew by 48.33 per cent at Rs 28.45 crore versus (Dec'19 Rs 19.18 crore).

Operating Profit slipped by 0.55 per cent to Rs 187.55 crore as against Rs 188.59 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.48 per cent in December quarter. Interest declined by 27.87 per cent y-o-y to Rs 1.32 crore, while Taxation increased by 4.87 per cent at Rs 52.12 crore (Dec'19 Rs 49.70 crore).