India Grid Trust Q1 net profit up 4% at 84 cr; total income rises 4%
India Grid Trust on Tuesday posted a nearly 4 per cent rise in its consolidated net profit to Rs 83.72 crore for the April-June quarter, driven by higher income.
The company had posted a net profit of Rs 80.91 crore in the same quarter of 2021-22, India Grid Trust (IndiGrid) said in a BSE filing.
Its total income increased to Rs 586.41 crore in April-June FY23 from Rs 564.99 crore in the year-ago period. Expenses were also higher at Rs 498.10 crore against Rs 481.61 crore in the April-June period of the preceding fiscal.
IndiGrid is India’s first and largest Infrastructure Investment Trust (InvIT) in the power transmission sector. It owns, operates, and manages power transmission networks and renewable energy assets that deliver reliable power throughout India.
