The company reported standalone net profit of Rs 627.99 crore for the quarter ended September 30, 2024 as compared to Rs 761.79 crore in the same period last year, registering a year-on-year decline of 17.56 per cent.
Net revenue of the company declined substantially by 29.27 per cent at Rs 6,586.92 crore in July-September quarter of this fiscal as against Rs 9,313.00 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 32.88 per cent to Rs 5,848.40 crore from Rs 8,713.63 crore in year ago period.
Other Income dipped by 38.88 per cent at Rs 358.81 crore versus (Sep'23 Rs 587.09 crore).
Operating Profit surged by 23.22 per cent to Rs 738.52 crore as against Rs 599.37 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 74.07 per cent in September quarter.
Interest grew by 41.42 per cent y-o-y to Rs 206.44 crore, while Taxation decreased by 10.18 per cent at Rs 218.63 crore (Sep'23 Rs 243.41 crore).