The total income rose by 12 per cent to Rs 2,084 crore for the quarter ended September 30, the company said in a release.
In asset management business, the profit before tax rose by 71 per cent to Rs 114 crore, while average assets under management grew to Rs 1,22,068 crore.
Among other businesses, commercial finance and general insurance also witnessed significant growth.
In the year-ago period, net profit stood at Rs 181 crore while total income was Rs 1,869 crore.
Shares of the company rose over 1 per cent to close at Rs 480.10 on the BSE.
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