IGI Logo

The company reported standalone net profit of Rs 18.53 crore for the quarter ended June 30, 2022 as compared to Rs 5.02 crore in the same period last year, registering a year-on-year growth of 269.12 per cent. Net revenue of the company rose substantially by 75.19 per cent at Rs 159.63 crore in April-June quarter of this fiscal as against Rs 91.12 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 71.20 per cent to Rs 136.55 crore from Rs 79.76 crore in year ago period. Other Income grew by 90.63 per cent at Rs 0.61 crore versus (Jun'21 Rs 0.32 crore). Operating Profit surged by 103.17 per cent to Rs 23.08 crore as against Rs 11.36 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.96 per cent in June quarter. Interest declined by 39.95 per cent y-o-y to Rs 2.21 crore