IGI Logo

The company reported standalone net profit of Rs 141.62 crore for the quarter ended December 31, 2020 as compared to Rs 84.55 crore in the same period last year, registering a year-on-year growth of 67.50 per cent. Net revenue of the company rose substantially by 22.90 per cent at Rs 1,273.77 crore in October-December quarter of this fiscal as against Rs 1,036.47 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 17.45 per cent to Rs 1,044.70 crore from Rs 889.49 crore in year ago period. Other Income dipped by 24.89 per cent at Rs 15.51 crore versus (Dec'19 Rs 20.65 crore). Operating Profit surged by 55.85 per cent to Rs 229.07 crore as against Rs 146.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.80 per cent in December quarter. Interest grew by 133.02 per cent y-o-y to Rs 2.47 crore, while Taxation increased by 24.90 per cent at Rs 49.41 crore (Dec'19 Rs 39.56 crore).