India Grid Trust consolidated Q1FY24 net profit at Rs. 104.22 crores

India Grid Trust has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 654.535 crores during the period ended June 30, 2023 as compared to Rs. 624.842 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 104.220 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 134.964 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.49 for the period ended June 30, 2023 as compared to Rs. 1.93 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 654.535 crs	₹624.842 crs	4.75%
Net Profit	₹104.220 crs	₹134.964 crs	-22.78%
EPS	₹1.49	₹1.93	-22.80%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 654.535 crores during the period ended June 30, 2023 as compared to Rs.586.467 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.104.220 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.80.951 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.49 for the period ended June 30, 2023 as compared to Rs.1.19 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 654.535 crs	₹586.467 crs	11.61%
Net Profit	₹104.220 crs	₹80.951 crs	28.74%
EPS	₹1.49	₹1.19	25.21%

Shares of India Grid Trust was last trading in BSE at Rs. 138.20 as compared to the previous close of Rs. 137.60. The total number of shares traded during the day was 36087 in over 1576 trades.

The stock hit an intraday high of Rs. 138.20 and intraday low of 137.50. The net turnover during the day was Rs. 4970869.00.

Source : Equity Bulls

Keywords

IndiaGridTrust Q1FY24 ResultUpdate InvIT