IGI Logo

The company reported standalone net profit of Rs 46.30 crore for the quarter ended June 30, 2021 as compared to Rs 89.08 crore in the same period last year, registering a year-on-year decline of 48.02 per cent. Net revenue of the company rose substantially by 37.98 per cent at Rs 674.90 crore in April-June quarter of this fiscal as against Rs 489.12 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 76.13 per cent to Rs 589.23 crore from Rs 334.55 crore in year ago period. Other Income grew by 253.14 per cent at Rs 15.75 crore versus (Jun'20 Rs 4.46 crore). Operating Profit slipped by 44.58 per cent to Rs 85.67 crore as against Rs 154.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 59.84 per cent in June quarter. Interest grew by 4.09 per cent y-o-y to Rs 22.12 crore, while Taxation decreased by 48.08 per cent at Rs 15.53 crore (Jun'20 Rs 29.91 crore).