Net profit of Igarashi Motors India declined 69.39% to Rs 2.17 crore in the quarter ended March 2020 as against Rs 7.09 crore during the previous quarter ended March 2019. Sales declined 16.92% to Rs 118.12 crore in the quarter ended March 2020 as against Rs 142.17 crore during the previous quarter ended March 2019.

For the full year,net profit declined 47.90% to Rs 29.91 crore in the year ended March 2020 as against Rs 57.41 crore during the previous year ended March 2019. Sales declined 11.84% to Rs 534.39 crore in the year ended March 2020 as against Rs 606.16 crore during the previous year ended March 2019.

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Igarashi Motors India will hold a meeting of the Board of Directors of the Company on 4 June 2020.

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Igarashi Motors India has partially resumed the operations at its manufacturing units from 07 May 2020.

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The Board of Igarashi Motors India at its meeting held on 23 March 2020 has appointed Vinodhini Sendhil Manian (DIN : 08719578) (Independent Director Registration No. IDDB-NR-202003-020537), as Additional Director, Non-Executive and Independent Woman Director for a term of 5 years with effect from 01 April 2020 subject to approval of the shareholders.

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