The company reported standalone net profit of Rs 9.17 crore for the quarter ended September 30, 2017 as compared to Rs 89.94 crore in the same period last year, registering a year-on-yearÿdeclineÿof 89.80 per cent.
Net revenue of the company rose by 0.03 per cent at Rs 1,208.50 crore in July-September quarter of this fiscal as against Rs 1,208.13 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 0.84 per cent to Rs 1,131.39 crore from Rs 1,121.91 crore in year ago period.
Other Income dipped by 9.44 per cent at Rs 61.47 crore versus (Sep'16 Rs 67.88 crore).
Operating Profit slipped by 10.57 per cent to Rs 77.11 crore as against Rs 86.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.64 per cent in September quarter.
Interest grew by 51.36 per cent y-o-y to Rs 54.14 crore, while Taxation decreased by 102.44 per cent at Rs -0.20 crore (Sep'16 Rs 8.20 crore).