IGI Logo

The company reported standalone net profit of Rs 14.44 crore for the quarter ended March 31, 2022 as compared to Rs 4.57 crore in the same period last year, registering a year-on-year growth of 215.97 per cent. Net revenue of the company rose substantially by 32.19 per cent at Rs 201.15 crore in January-March quarter of this fiscal as against Rs 152.17 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 29.30 per cent to Rs 154.17 crore from Rs 119.23 crore in year ago period.

Other Income grew by 157.81 per cent at Rs 6.60 crore versus (Mar'21 Rs 2.56 crore). Operating Profit surged by 42.59 per cent to Rs 46.97 crore as against Rs 32.94 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.85 per cent in March quarter. Interest grew by 29.08 per cent y-o-y to Rs 15.49 crore, while Taxation increased by 604.76 per cent at Rs 2.96 crore (Mar'21 Rs 0.42 crore).