The company reported standalone net profit of Rs 369.26 crore for the quarter ended December 31, 2020 as compared to Rs 352.55 crore in the same period last year, registering a year-on-year growth of 4.74 per cent.

Net revenue of the company declined moderately by 8.17 per cent at Rs 481.86 crore in October-December quarter of this fiscal as against Rs 524.73 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 13.53 per cent to Rs 96.09 crore from Rs 111.12 crore in year ago period.

Other Income grew by 68.08 per cent at Rs 113.05 crore versus (Dec'19 Rs 67.26 crore).

Operating Profit slipped by 6.73 per cent to Rs 385.77 crore as against Rs 413.61 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.57 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 2.20 crore, while Taxation decreased by 0.11 per cent at Rs 113.36 crore (Dec'19 Rs 113.48 crore).