IGI Logo

The company reported standalone net profit of Rs 79.60 crore for the quarter ended June 30, 2022 as compared to Rs 123.30 crore in the same period last year, registering a year-on-year decline of 35.44 per cent. Net revenue of the company declined substantially by 22.23 per cent at Rs 439.30 crore in April-June quarter of this fiscal as against Rs 564.90 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 15.84 per cent to Rs 329.90 crore from Rs 392.00 crore in year ago period. Other Income grew by 39.26 per cent at Rs 18.80 crore versus (Jun'21 Rs 13.50 crore). Operating Profit slipped by 36.73 per cent to Rs 109.40 crore as against Rs 172.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.65 per cent in June quarter. Interest grew by 75.00 per cent y-o-y to Rs 7.70 crore, while Taxation decreased by 47.26 per cent at Rs 22.10 crore (Jun'21 Rs 41.90 crore).