IGI Logo

The company reported standalone net profit of Rs 78.56 crore for the quarter ended March 31, 2022 as compared to Rs 118.39 crore in the same period last year, registering a year-on-year decline of 33.64 per cent. Net revenue of the company rose substantially by 27.82 per cent at Rs 1,090.01 crore in January-March quarter of this fiscal as against Rs 852.76 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 42.22 per cent to Rs 944.39 crore from Rs 664.05 crore in year ago period. Other Income dipped by 45.74 per cent at Rs 2.93 crore versus (Mar'21 Rs 5.40 crore). Operating Profit slipped by 22.83 per cent to Rs 145.62 crore as against Rs 188.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 39.63 per cent in March quarter. Interest grew by 39.74 per cent y-o-y to Rs 8.58 crore, while Taxation decreased by 17.54 per cent at Rs 45.07 crore (Mar'21 Rs 54.66 crore).