The company reported standalone net profit of Rs 1,959.58 crore for the quarter ended December 31, 2022 as compared to Rs 2462.45 crore in the same period last year, registering a year-on-year decline of 20.42 per cent.
Net revenue of the company rose moderately by 17.93 per cent at Rs 1,19,158.10 crore in October-December quarter of this fiscal as against Rs 1,01,045.25 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 18.68 per cent to Rs 1,14,924.21 crore from Rs 96,832.21 crore in year ago period.
Other Income dipped by 33.79 per cent at Rs 451.93 crore versus (Dec'21 Rs 682.57 crore).
Operating Profit surged by 0.49 per cent to Rs 4,233.89 crore as against Rs 4,213.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.87 per cent in December quarter.
Interest grew by 119.30 per cent y-o-y to Rs 977.97 crore, while Taxation decreased by 79.70 per cent at Rs 166.26 crore (Dec'21 Rs 819.20 crore).