IGI Logo

The company reported standalone net profit of Rs 27.11 crore for the quarter ended June 30, 2022 as compared to Rs 13.90 crore in the same period last year, registering a year-on-year growth of 95.04 per cent. Net revenue of the company rose substantially by 55.52 per cent at Rs 848.64 crore in April-June quarter of this fiscal as against Rs 545.68 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 57.90 per cent to Rs 772.29 crore from Rs 489.11 crore in year ago period. Other Income grew by 33.85 per cent at Rs 5.18 crore versus (Jun'21 Rs 3.87 crore). Operating Profit surged by 34.97 per cent to Rs 76.35 crore as against Rs 56.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 13.21 per cent in June quarter. Interest grew by 13.18 per cent y-o-y to Rs 20.70 crore, while Taxation increased by 15.96 per cent at Rs 9.52 crore (Jun'21 Rs 8.21 crore).