The solvency ratio was reported at 1.98 for the quarter this fiscal from 1.90 in the year-ago period.
Shares of the company traded under pressure in Friday’s trade. The counter settled in the red at Rs 915.55 per share on the NSE, down 1.52 percent.
Another reason for the decline in profit was the halving of other income to Rs 145 crore from Rs 248 crore in the same quarter in the previous year. However, total income rose to Rs 2,29,620 crore in the latest September quarter, compared to Rs 2,01,587 crore in the year-ago period.
Total expenses rose to Rs 2,22,366 crore in the quarter as against Rs 1,94,335 crore in the same period a year ago.
Shares of the company have delivered 6.57 percent returns to its shareholders this year so far but declined 1.6 percent on Friday to 914.45 on the BSE in anticipation of the earnings announced post market hours.
