The company reported standalone net profit of Rs 2,925.59 crore for the quarter ended March 31, 2018 as compared to Rs 2079.40 crore in the same period last year, registering a year-on-year growth of 40.69 per cent.
Net revenue of the company rose moderately by 13.14 per cent at Rs 23,100.26 crore in January-March quarter of this fiscal as against Rs 20,416.67 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 14.96 per cent to Rs 17,190.28 crore from Rs 14,953.92 crore in year ago period.
Other Income grew by 10.08 per cent at Rs 517.57 crore versus (Mar'17 Rs 470.18 crore).
Operating Profit surged by 8.19 per cent to Rs 5,909.98 crore as against Rs 5,462.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.41 per cent in March quarter.
Interest grew by 22.97 per cent y-o-y to Rs 1,104.17 crore, while Taxation decreased by 17.86 per cent at Rs 762.67 crore (Mar'17 Rs 928.55 crore).