The company reported standalone net profit of Rs 1,777.55 crore for the quarter ended March 31, 2021 as compared to Rs 2906.32 crore in the same period last year, registering a year-on-year decline of 38.84 per cent.
Net revenue of the company rose substantially by 34.80 per cent at Rs 13,965.51 crore in January-March quarter of this fiscal as against Rs 10,360.31 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 29.08 per cent to Rs 10,453.07 crore from Rs 8,098.05 crore in year ago period.
Other Income dipped by 62.27 per cent at Rs 84.48 crore versus (Mar'20 Rs 223.91 crore).
Operating Profit surged by 55.26 per cent to Rs 3,512.44 crore as against Rs 2,262.26 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.16 per cent in March quarter.
Interest declined by 25.28 per cent y-o-y to Rs 323.06 crore, while Taxation increased by 159.22 per cent at Rs 865.46 crore (Mar'20 Rs -1,461.49 crore).