The company reported standalone net profit of Rs 1,491.42 crore for the quarter ended December 31, 2022 as compared to Rs 1214.19 crore in the same period last year, registering a year-on-year growth of 22.83 per cent.
Net revenue of the company rose by 5.79 per cent at Rs 9,315.14 crore in October-December quarter of this fiscal as against Rs 8,805.50 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 1.45 per cent to Rs 7,538.33 crore from Rs 7,649.51 crore in year ago period.
Other Income dipped by 1.33 per cent at Rs 269.12 crore versus (Dec'21 Rs 272.76 crore).
Operating Profit surged by 29.49 per cent to Rs 1,776.81 crore as against Rs 1,372.14 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 22.40 per cent in December quarter.
Interest grew by 373.74 per cent y-o-y to Rs 8.48 crore, while Taxation increased by 31.47 per cent at Rs 472.08 crore (Dec'21 Rs 359.09 crore).