The company reported standalone net profit of Rs 486.60 crore for the quarter ended June 30, 2020 as compared to Rs 437.84 crore in the same period last year, registering a year-on-year growth of 11.14 per cent.
Net revenue of the company rose marginally by 1.97 per cent at Rs 3,041.45 crore in April-June quarter of this fiscal as against Rs 2,982.83 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 0.03 per cent to Rs 2,302.92 crore from Rs 2,303.55 crore in year ago period.
Other Income dipped by 47.75 per cent at Rs 37.93 crore versus (Jun'19 Rs 72.59 crore).
Operating Profit surged by 7.21 per cent to Rs 747.56 crore as against Rs 697.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.13 per cent in June quarter.
Interest grew by 36.36 per cent y-o-y to Rs 40.80 crore, while Taxation decreased by 25.14 per cent at Rs 165.67 crore (Jun'19 Rs 221.31 crore).