Mumbai: IndiGrid, the country’s first InvIT in the power sector, on Wednesday reported an over two-fold increase in consolidated net profit for the March quarter at Rs 99.7 crore on the back of higher revenues.
The company, which had reported a net profit of Rs 37.6 crore during the corresponding quarter last fiscal, has announced distribution of Rs 3 per unit to its investors for the period under review.
Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019, mainly on the back of value accretive acquisitions made by the infrastructure investment trust (InvIT) during the fiscal.
