The company reported standalone net profit of Rs 1,283.00 crore for the quarter ended June 30, 2017 as compared to Rs 1174.00 crore in the same period last year, registering a year-on-year growth of 9.28 per cent.
Net revenue of the company rose by 5.18 per cent at Rs 8,401.00 crore in April-June quarter of this fiscal as against Rs 7,987.00 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 2.63 per cent to Rs 6,663.00 crore from Rs 6,492.00 crore in year ago period.
Other Income grew by 4.63 per cent at Rs 113.00 crore versus (Jun'16 Rs 108.00 crore).
Operating Profit surged by 14.13 per cent to Rs 1,866.00 crore as against Rs 1,635.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.50 per cent in June quarter.
Interest grew by 0.00 per cent y-o-y to Rs 6.00 crore, while Taxation increased by 4.07 per cent at Rs 563.00 crore (Jun'16 Rs 541.00 crore).