IGI Logo

The company reported standalone net loss during the quarter stood at Rs 1872.47 crore as compared to net loss of Rs 135.75 crore in the previous year quarter. Net revenue of the company declined substantially by 24.44 per cent at Rs 586.32 crore in January-March quarter of this fiscal as against Rs 776.00 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 51.51 per cent to Rs 1,055.08 crore from Rs 696.39 crore in year ago period. Other Income dipped by 2649.56 per cent at Rs -291.67 crore versus (Mar'21 Rs 11.44 crore). Operating Profit slipped by 688.82 per cent to Rs -468.76 crore as against Rs 79.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 879.24 per cent in March quarter. Interest declined by 25.84 per cent y-o-y to Rs 63.60 crore, while Taxation increased by 97456.25 per cent at Rs 156.09 crore (Mar'21 Rs 0.16 crore).