The company's profit rose 10.8% to 55.72 billion Indian rupees ($670.3 million) in the third quarter ended Dec. 31.

Analysts on average had expected a profit of 51.48 billion rupees, according to data from LSEG.

($1 = 83.1290 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai and Varun Vyas in Bengaluru; Editing by Sonia Cheema)