The company reported standalone net profit of Rs 2,438.60 crore for the quarter ended September 30, 2017 as compared to Rs 2495.97 crore in the same period last year, registering a year-on-yearÿdeclineÿof 2.30 per cent.
Net revenue of the company rose marginally by 2.38 per cent at Rs 19,698.75 crore in July-September quarter of this fiscal as against Rs 19,241.47 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 1.83 per cent to Rs 14,258.51 crore from Rs 14,002.13 crore in year ago period.
Other Income grew by 37.24 per cent at Rs 261.60 crore versus (Sep'16 Rs 190.62 crore).
Operating Profit surged by 0.82 per cent to Rs 5,440.24 crore as against Rs 5,395.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.50 per cent in September quarter.
Interest grew by 3.33 per cent y-o-y to Rs 919.47 crore, while Taxation increased by 2.90 per cent at Rs 784.17 crore (Sep'16 Rs 762.05 crore).