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The company reported standalone net profit of Rs 376.74 crore for the quarter ended September 30, 2022 as compared to Rs 246.62 crore in the same period last year, registering a year-on-year growth of 52.76 per cent. Net revenue of the company rose moderately by 12.39 per cent at Rs 16,477.26 crore in July-September quarter of this fiscal as against Rs 14,660.64 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 8.74 per cent to Rs 27,445.86 crore from Rs 25,241.01 crore in year ago period. Other Income grew by 7.20 per cent at Rs 11.31 crore versus (Sep'21 Rs 10.55 crore). Operating Profit slipped by 31.27 per cent to Rs 271.29 crore as against Rs 394.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.66 per cent in September quarter. Taxation increased by 67.81 per cent at Rs 60.21 crore (Sep'21 Rs 35.88 crore).