The company reported standalone net profit of Rs 456.00 crore for the quarter ended March 31, 2021 as compared to Rs 2500.00 crore in the same period last year, registering a year-on-year decline of 81.76 per cent.
Net revenue of the company rose marginally by 2.12 per cent at Rs 9,249.00 crore in January-March quarter of this fiscal as against Rs 9,057.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 13.84 per cent to Rs 6,236.00 crore from Rs 5,478.00 crore in year ago period.
Other Income grew by 58.23 per cent at Rs 250.00 crore versus (Mar'20 Rs 158.00 crore).
Operating Profit slipped by 15.81 per cent to Rs 3,013.00 crore as against Rs 3,579.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.56 per cent in March quarter.
Interest declined by 70.15 per cent y-o-y to Rs 20.00 crore, while Taxation increased by 251.40 per cent at Rs 2,003.00 crore (Mar'20 Rs 570.00 crore).