IGI Logo

The company reported standalone net profit of Rs 193.46 crore for the quarter ended June 30, 2021 as compared to Rs 115.69 crore in the same period last year, registering a year-on-year growth of 67.22 per cent. Net revenue of the company rose substantially by 32.43 per cent at Rs 742.72 crore in April-June quarter of this fiscal as against Rs 560.85 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 31.56 per cent to Rs 509.70 crore from Rs 387.42 crore in year ago period. Other Income grew by 136.64 per cent at Rs 31.00 crore versus (Jun'20 Rs 13.10 crore).

Operating Profit surged by 34.36 per cent to Rs 233.02 crore as against Rs 173.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.46 per cent in June quarter. Interest declined by 2.50 per cent y-o-y to Rs 1.17 crore, while Taxation decreased by 7.36 per cent at Rs 39.63 crore (Jun'20 Rs 42.78 crore).