The company reported standalone net profit of Rs 440.20 crore for the quarter ended March 31, 2019 as compared to Rs 522.69 crore in the same period last year, registering a year-on-year decline of 15.78 per cent.
Net revenue of the company declined marginally by 2.93 per cent at Rs 8,383.20 crore in January-March quarter of this fiscal as against Rs 8,636.23 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 0.74 per cent to Rs 7,755.96 crore from Rs 7,814.16 crore in year ago period.
Other Income grew by 46.41 per cent at Rs 151.39 crore versus (Mar'18 Rs 103.40 crore).
Operating Profit slipped by 23.70 per cent to Rs 627.24 crore as against Rs 822.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.43 per cent in March quarter.
Interest declined by 32.68 per cent y-o-y to Rs 22.52 crore, while Taxation decreased by 20.06 per cent at Rs 214.31 crore (Mar'18 Rs 268.08 crore).