IGI Logo

The company reported standalone net profit of Rs 115.56 crore for the quarter ended March 31, 2021 as compared to Rs 31.02 crore in the same period last year, registering a year-on-year growth of 272.53 per cent. Net revenue of the company rose substantially by 62.73 per cent at Rs 880.77 crore in January-March quarter of this fiscal as against Rs 541.26 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 47.16 per cent to Rs 710.95 crore from Rs 483.13 crore in year ago period. Other Income dipped by 43.90 per cent at Rs 5.56 crore versus (Mar'20 Rs 9.91 crore). Operating Profit surged by 192.12 per cent to Rs 169.81 crore as against Rs 58.13 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 79.52 per cent in March quarter. Interest declined by 16.26 per cent y-o-y to Rs 7.16 crore, while Taxation increased by 204.85 per cent at Rs 37.07 crore (Mar'20 Rs 12.16 crore).