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The company reported standalone net profit of Rs 1,554.02 crore for the quarter ended June 30, 2022 as compared to Rs 1681.06 crore in the same period last year, registering a year-on-year decline of 7.56 per cent. Net revenue of the company rose substantially by 28.22 per cent at Rs 14,715.48 crore in April-June quarter of this fiscal as against Rs 11,476.96 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 41.92 per cent to Rs 11,786.11 crore from Rs 8,304.94 crore in year ago period.

Other Income dipped by 23.22 per cent at Rs 166.13 crore versus (Jun'21 Rs 216.38 crore). Operating Profit slipped by 7.65 per cent to Rs 2,929.37 crore as against Rs 3,172.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 27.97 per cent in June quarter. Interest declined by 27.62 per cent y-o-y to Rs 199.69 crore, while Taxation decreased by 14.41 per cent at Rs 713.63 crore (Jun'21 Rs 833.73 crore).