IGI Logo

The company reported standalone net profit of Rs 132.61 crore for the quarter ended June 30, 2021 as compared to Rs 90.09 crore in the same period last year, registering a year-on-year growth of 47.20 per cent. Net revenue of the company rose substantially by 29.23 per cent at Rs 541.55 crore in April-June quarter of this fiscal as against Rs 419.05 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 57.97 per cent to Rs 342.59 crore from Rs 216.87 crore in year ago period. Other Income dipped by 29.59 per cent at Rs 6.21 crore versus (Jun'20 Rs 8.82 crore).

Operating Profit slipped by 2.79 per cent to Rs 207.82 crore as against Rs 213.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.77 per cent in June quarter. Interest grew by 10.33 per cent y-o-y to Rs 34.92 crore, while Taxation increased by 890.13 per cent at Rs 38.12 crore (Jun'20 Rs 3.85 crore).