IGI Logo

The company reported standalone net profit of Rs 52.22 crore for the quarter ended December 31, 2020 as compared to Rs 42.54 crore in the same period last year, registering a year-on-year growth of 22.76 per cent. Net revenue of the company rose moderately by 15.26 per cent at Rs 469.41 crore in October-December quarter of this fiscal as against Rs 407.25 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 13.86 per cent to Rs 389.61 crore from Rs 342.17 crore in year ago period.

Other Income grew by 18.61 per cent at Rs 6.31 crore versus (Dec'19 Rs 5.32 crore). Operating Profit surged by 22.62 per cent to Rs 79.80 crore as against Rs 65.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.38 per cent in December quarter. Interest declined by 71.72 per cent y-o-y to Rs 1.96 crore, while Taxation increased by 657.50 per cent at Rs 12.12 crore (Dec'19 Rs 1.60 crore).