IGI Logo

The company reported standalone net profit of Rs 1,601.00 crore for the quarter ended March 31, 2022 as compared to Rs 495.00 crore in the same period last year, registering a year-on-year growth of 223.43 per cent. Net revenue of the company rose substantially by 31.62 per cent at Rs 18,969.00 crore in January-March quarter of this fiscal as against Rs 14,412.00 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 21.51 per cent to Rs 15,705.00 crore from Rs 12,925.00 crore in year ago period. Other Income grew by 218.87 per cent at Rs 169.00 crore versus (Mar'21 Rs 53.00 crore). Operating Profit surged by 119.50 per cent to Rs 3,264.00 crore as against Rs 1,487.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 66.76 per cent in March quarter. Interest grew by 7.55 per cent y-o-y to Rs 356.00 crore, while Taxation increased by 211.86 per cent at Rs 920.00 crore (Mar'21 Rs 295.00 crore).