GIPL’s net profit declines 9% to Rs 27.91 crore in December quarter
Gujarat Industries Power Company Ltd (GIPL) on Monday reported a nearly nine per cent fall in its standalone net profit to Rs 27.91 crore for the December 2021 quarter, mainly due to lower revenues.
The company had reported a standalone net profit of Rs 30.60 crore in the quarter ended on December 31, 2020, according to a BSE filing.
Its total income during October-December 2021 stood at Rs 266.49 crore, compared with Rs 338.97 crore in the year-ago period.
The board in its meeting held on Monday also approved the appointment of Nitin Chandrashanker Shukla, Ravindra Harshadrai Dholakia and Mamata Biswal as additional directors (independent) for a period of five years, subject to the approval of the members of the company.
