IGI Logo

The company reported standalone net profit of Rs 65.26 crore for the quarter ended March 31, 2021 as compared to Rs 33.26 crore in the same period last year, registering a year-on-year growth of 96.21 per cent. Net revenue of the company rose substantially by 24.63 per cent at Rs 1,491.55 crore in January-March quarter of this fiscal as against Rs 1,196.83 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 19.81 per cent to Rs 1,395.91 crore from Rs 1,165.07 crore in year ago period. Other Income grew by 14.72 per cent at Rs 39.74 crore versus (Mar'20 Rs 34.64 crore).

Operating Profit surged by 201.13 per cent to Rs 95.64 crore as against Rs 31.76 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 141.89 per cent in March quarter. Interest grew by 76.23 per cent y-o-y to Rs 13.94 crore, while Taxation increased by 1374.43 per cent at Rs 32.29 crore (Mar'20 Rs 2.19 crore).