Igarashi Motors India reports standalone net loss of Rs 3.28 crore in the March 2022 quarter

Sales decline 18.23% to Rs 137.82 crore

Net loss of Igarashi Motors India reported to Rs 3.28 crore in the quarter ended March 2022 as against net profit of Rs 10.98 crore during the previous quarter ended March 2021. Sales declined 18.23% to Rs 137.82 crore in the quarter ended March 2022 as against Rs 168.55 crore during the previous quarter ended March 2021.

For the full year,net profit declined 95.36% to Rs 1.19 crore in the year ended March 2022 as against Rs 25.62 crore during the previous year ended March 2021. Sales rose 4.42% to Rs 556.40 crore in the year ended March 2022 as against Rs 532.86 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales137.82168.55 -18 556.40532.86 4 OPM %5.8815.81 -8.3413.84 - PBDT6.9126.60 -74 46.7877.13 -39 PBT-4.2015.36 PL 2.3132.45 -93 NP-3.2810.98 PL 1.1925.62 -95

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