India Grid Trust Q1 net profit up 36.84% at Rs 283.00 cr
The company reported standalone net profit of Rs 283.00 crore for the quarter ended June 30, 2022 as compared to Rs 206.81 crore in the same period last year, registering a year-on-year growth of 36.84 per cent. Net revenue of the company rose moderately by 8.50 per cent at Rs 540.30 crore in April-June quarter of this fiscal as against Rs 497.97 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 90.65 per cent to Rs 5.38 crore from Rs 57.52 crore in year ago period.
Operating Profit surged by 21.45 per cent to Rs 534.92 crore as against Rs 440.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.93 per cent in June quarter. Interest grew by 7.78 per cent y-o-y to Rs 250.86 crore, while Taxation decreased by 14.61 per cent at Rs 0.76 crore (Jun'21 Rs 0.89 crore).
