The company reported standalone net profit of Rs 537.37 crore for the quarter ended December 31, 2018 as compared to Rs 338.38 crore in the same period last year, registering a year-on-year growth of 58.81 per cent.
Net revenue of the company rose by 5.56 per cent at Rs 2,863.33 crore in October-December quarter of this fiscal as against Rs 2,712.61 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 13.24 per cent to Rs 2,459.45 crore from Rs 2,171.97 crore in year ago period.
Other Income grew by 76.80 per cent at Rs 84.95 crore versus (Dec'17 Rs 48.05 crore).
Operating Profit slipped by 25.30 per cent to Rs 403.88 crore as against Rs 540.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.20 per cent in December quarter.
Interest declined by 16.28 per cent y-o-y to Rs 18.20 crore, while Taxation decreased by 488.05 per cent at Rs -333.18 crore (Dec'17 Rs 85.86 crore).