In a statement released on Friday, Chief Executive Richard Kramer said that earnings were disappointing "given a significantly weaker industry backdrop, particularly in Europe." The company is set to report earnings for the fourth quarter on February 8. Its shares fell more than 3.5 per cent
The company said its total revenue grew 14 per cent to Rs 2,018 crore, against Rs 1,767 crore in the year-ago period. Operating revenue rose 14 per cent to Rs 2,008 crore in the reviewed quarter, against Rs 1,762 crore.
Its revenue from operations was at Rs 2,727 crore in the reviewed quarter, against Rs 2,413 crore in the corresponding quarter the previous year, according to a statement shared with exchanges.
Its revenue went up 22.5 per cent to Rs 88,500 crore, the company said, adding that earnings before interest, taxes, depreciation, and amortization (Ebitda) was 11.1 per cent whereas its Ebit was 4.4 per cent.
The bank said its operating profits grew 17 per cent year-on-year to Rs 914 crore in Q3FY23 and the Mumbai-headquartered lender said it is the highest in the past seven quarters.