The company reported standalone net profit of Rs 838.24 crore for the quarter ended December 31, 2017 as compared to Rs 851.89 crore in the same period last year, registering a year-on-year decline of 1.60 per cent.
Net revenue of the company rose by 0.93 per cent at Rs 5,967.71 crore in October-December quarter of this fiscal as against Rs 5,912.86 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 1.86 per cent to Rs 4,982.17 crore from Rs 4,891.36 crore in year ago period.
Other Income grew by 6.94 per cent at Rs 190.71 crore versus (Dec'16 Rs 178.34 crore).
Operating Profit slipped by 3.52 per cent to Rs 985.54 crore as against Rs 1,021.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.46 per cent in December quarter.
Interest declined by 11.39 per cent y-o-y to Rs 17.90 crore, while Taxation decreased by 13.34 per cent at Rs 150.00 crore (Dec'16 Rs 173.09 crore).