The company reported standalone net profit of Rs 110.45 crore for the quarter ended December 31, 2022 as compared to Rs 280.01 crore in the same period last year, registering a year-on-year decline of 60.55 per cent.
Net revenue of the company rose moderately by 9.66 per cent at Rs 4,536.97 crore in October-December quarter of this fiscal as against Rs 4,137.42 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 13.29 per cent to Rs 4,158.68 crore from Rs 3,670.72 crore in year ago period.
Other Income dipped by 23.12 per cent at Rs 40.69 crore versus (Dec'21 Rs 52.93 crore).
Operating Profit slipped by 31.85 per cent to Rs 378.29 crore as against Rs 555.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.85 per cent in December quarter.
Interest grew by 45.63 per cent y-o-y to Rs 18.83 crore, while Taxation decreased by 61.24 per cent at Rs 39.04 crore (Dec'21 Rs 100.71 crore).