The company reported standalone net profit of Rs 1,161.91 crore for the quarter ended September 30, 2017 as compared to Rs 2718.74 crore in the same period last year, registering a year-on-yearÿdeclineÿof 57.26 per cent.
Net revenue of the company rose moderately by 8.71 per cent at Rs 15,859.84 crore in July-September quarter of this fiscal as against Rs 14,589.44 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 6.86 per cent to Rs 14,551.27 crore from Rs 13,617.76 crore in year ago period.
Other Income grew by 2.41 per cent at Rs 660.91 crore versus (Sep'16 Rs 645.38 crore).
Operating Profit surged by 20.30 per cent to Rs 1,308.57 crore as against Rs 1,087.72 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.59 per cent in September quarter.
Interest grew by 1.90 per cent y-o-y to Rs 367.19 crore, while Taxation increased by 24.38 per cent at Rs 355.91 crore (Sep'16 Rs 286.15 crore).