IGC Reports Financial Results for Fiscal Year Ended March 31, 2022
India Globalization Capital, Inc. (IGC or the Company) (NYSE American: IGC) announces its financial results for Fiscal Year Ended March 31, 2022.
- India Globalization Capital, Inc. (IGC or the Company) (NYSE American: IGC) announces its financial results for Fiscal Year Ended March 31, 2022.
- Revenue was approximately $397 thousand and $898 thousand for Fiscal 2022 and Fiscal 2021, respectively.
- SG&A expenses increased by approximately $5.3 million or 68% to $13.2 million for Fiscal 2022, from approximately $7.9 million for Fiscal 2021.
- The R&D expenses increased by approximately $1.4 million or 151% to $2.3 million in Fiscal 2022, from approximately $929 thousand for Fiscal 2021.