IndiGrid Q3 profit jumps over 2-folds to ₹131.83 crore

Infrastructure investment trust IndiGrid consolidated net profit jumped more than two folds to ₹131.83 crore in the quarter ended on December 31, 2019, mainly due to higher revenues.

The company’s consolidated net profit was ₹51.51 crore in the October-December 2018, a BSE filing said.

Revenues of the firm rose to ₹344.91 crore in the quarter from ₹172.72 crore in the year-ago period.

The Board of Directors of Sterlite Investment Managers Ltd (SIML) acting in the capacity of Investment Manager of India Grid Trust (IndiGrid) has approved distribution of ₹3 per unit (in the form of Interest) for the third quarter of 2019-20.

IndiGrid said that it is on track to achieve its stated DPU (distribution per unit) guidance of ₹12 for FY2019-20.