IGI Logo

The company reported standalone net profit during the quarter stood at Rs 8.85 crore compared to net loss of Rs 7.71 crore in the previous year quarter. Net revenue of the company rose substantially by 86.38 per cent at Rs 206.23 crore in January-March quarter of this fiscal as against Rs 110.65 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 67.27 per cent to Rs 192.63 crore from Rs 115.16 crore in year ago period. Other Income grew by 19.23 per cent at Rs 0.62 crore versus (Mar'20 Rs 0.52 crore). Operating Profit surged by 401.55 per cent to Rs 13.60 crore as against Rs -4.51 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 261.52 per cent in March quarter. Interest declined by 46.63 per cent y-o-y to Rs 3.25 crore, while Taxation decreased by 63.15 per cent at Rs -2.20 crore (Mar'20 Rs -5.97 crore)