India Grid Trust Q3 net profit down 29.53% at Rs 221.30 cr
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The company reported standalone net profit of Rs 221.30 crore for the quarter ended December 31, 2021 as compared to Rs 314.02 crore in the same period last year, registering a year-on-year decline of 29.53 per cent. Net revenue of the company rose substantially by 59.37 per cent at Rs 518.17 crore in October-December quarter of this fiscal as against Rs 325.13 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 156.68 per cent to Rs 58.62 crore from Rs -103.42 crore in year ago period. Other Income grew by 0.00 per cent at Rs 1.90 crore versus (Dec'20 Rs 0.00 crore). Operating Profit surged by 7.23 per cent to Rs 459.55 crore as against Rs 428.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.71 per cent in December quarter. Interest grew by 109.42 per cent y-o-y to Rs 239.77 crore, while Taxation increased by 850.00 per cent at Rs 0.38 crore (Dec'20 Rs 0.04 crore).
