The company reported standalone net profit of Rs 2,360.81 crore for the quarter ended December 31, 2017 as compared to Rs 2469.26 crore in the same period last year, registering a year-on-year decline of 4.39 per cent.
Net revenue of the company rose moderately by 7.11 per cent at Rs 20,774.37 crore in October-December quarter of this fiscal as against Rs 19,395.92 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 9.57 per cent to Rs 15,497.37 crore from Rs 14,144.01 crore in year ago period.
Other Income grew by 25.30 per cent at Rs 313.47 crore versus (Dec'16 Rs 250.17 crore).
Operating Profit surged by 0.48 per cent to Rs 5,277.00 crore as against Rs 5,251.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.20 per cent in December quarter.
Interest grew by 17.16 per cent y-o-y to Rs 1,065.01 crore, while Taxation decreased by 63.48 per cent at Rs 223.97 crore (Dec'16 Rs 613.28 crore).