The company reported standalone net profit of Rs 134.70 crore for the quarter ended December 31, 2017 as compared to Rs 147.70 crore in the same period last year, registering a year-on-year decline of 8.80 per cent.
Net revenue of the company declined moderately by 8.90 per cent at Rs 2,263.30 crore in October-December quarter of this fiscal as against Rs 2,484.49 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 9.53 per cent to Rs 1,991.00 crore from Rs 2,200.72 crore in year ago period.
Other Income dipped by 33.65 per cent at Rs 23.60 crore versus (Dec'16 Rs 35.57 crore).
Operating Profit slipped by 7.25 per cent to Rs 272.30 crore as against Rs 293.59 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.78 per cent in December quarter.
Interest declined by 28.66 per cent y-o-y to Rs 65.80 crore, while Taxation decreased by 15.30 per cent at Rs 49.10 crore (Dec'16 Rs 57.97 crore).