IGI Logo

The company reported standalone net loss during the quarter stood at Rs 853.48 crore as compared to net loss of Rs 682.79 crore in the previous year quarter. Net revenue of the company declined marginally by 1.40 per cent at Rs 366.22 crore in January-March quarter of this fiscal as against Rs 371.41 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 38.41 per cent to Rs 248.51 crore from Rs 403.48 crore in year ago period. Other Income dipped by 64.87 per cent at Rs 6.14 crore versus (Mar'21 Rs 17.48 crore). Operating Profit surged by 467.04 per cent to Rs 117.71 crore as against Rs -32.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 472.42 per cent in March quarter. Interest grew by 10.53 per cent y-o-y to Rs 187.17 crore