The company reported standalone net profit of Rs 2,961.34 crore for the quarter ended June 30, 2024 as compared to Rs 1792.36 crore in the same period last year, registering a year-on-year growth of 65.22 per cent.
Net revenue of the company rose moderately by 12.43 per cent at Rs 30,278.75 crore in April-June quarter of this fiscal as against Rs 26,930.54 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 12.92 per cent to Rs 28,293.94 crore from Rs 25,057.13 crore in year ago period.
Other Income grew by 185.30 per cent at Rs 2,448.52 crore versus (Jun'23 Rs 858.23 crore).
Operating Profit surged by 5.95 per cent to Rs 1,984.81 crore as against Rs 1,873.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.75 per cent in June quarter.
Interest grew by 3.62 per cent y-o-y to Rs 567.18 crore, while Taxation increased by 3.09 per cent at Rs 424.03 crore (Jun'23 Rs 411.34 crore).