The company reported standalone net profit of Rs 469.43 crore for the quarter ended December 31, 2020 as compared to Rs 333.92 crore in the same period last year, registering a year-on-year growth of 40.58 per cent.
Net revenue of the company rose moderately by 12.76 per cent at Rs 2,089.24 crore in October-December quarter of this fiscal as against Rs 1,852.89 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 4.68 per cent to Rs 1,410.92 crore from Rs 1,347.90 crore in year ago period.
Other Income dipped by 24.03 per cent at Rs 31.49 crore versus (Dec'19 Rs 41.45 crore).
Operating Profit surged by 34.32 per cent to Rs 678.32 crore as against Rs 504.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.16 per cent in December quarter.
Interest declined by 93.66 per cent y-o-y to Rs 1.17 crore, while Taxation increased by 36.02 per cent at Rs 206.31 crore (Dec'19 Rs 151.68 crore).