The company reported standalone net profit of Rs 293.65 crore for the quarter ended September 30, 2019 as compared to Rs 295.13 crore in the same period last year, registering a year-on-year decline of 0.50 per cent. Net revenue of the company rose by 0.69 per cent at Rs 1,020.57 crore in July-September quarter of this fiscal as against Rs 1,013.61 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 0.68 per cent to Rs 752.31 crore from Rs 757.43 crore in year ago period.
Other Income dipped by 49.79 per cent at Rs 95.09 crore versus (Sep'18 Rs 189.37 crore). Operating Profit surged by 4.72 per cent to Rs 268.26 crore as against Rs 256.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.04 per cent in September quarter. Interest declined by 48.01 per cent y-o-y to Rs 14.90 crore, while Taxation decreased by 78.32 per cent at Rs 18.50 crore (Sep'18 Rs 85.34 crore).