The company reported standalone net profit of Rs 153.10 crore for the quarter ended September 30, 2017 as compared to Rs 82.54 crore in the same period last year, registering a year-on-yearÿgrowthÿof 85.49 per cent.
Net revenue of the company declined marginally by 4.24 per cent at Rs 1,951.30 crore in July-September quarter of this fiscal as against Rs 2,037.70 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 11.25 per cent to Rs 1,633.60 crore from Rs 1,840.59 crore in year ago period.
Other Income grew by 7.85 per cent at Rs 30.50 crore versus (Sep'16 Rs 28.28 crore).
Operating Profit surged by 52.95 per cent to Rs 317.70 crore as against Rs 207.71 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 59.76 per cent in September quarter.
Interest declined by 25.54 per cent y-o-y to Rs 65.90 crore, while Taxation increased by 129.93 per cent at Rs 82.20 crore (Sep'16 Rs 35.75 crore).