PGINVIT Q2 loss widens to Rs 920 cr
- Country:
- India
POWERGRID Infrastructure Investment Trust (PGINVIT) on Thursday reported widening of consolidated net loss to Rs 920.16 crore for September quarter 2022-23 due to higher expenses.
In the year-ago period, the loss was Rs 120.14 crore, a BSE filing said.
Total expenses rose to Rs 1,417.77 crore in the quarter from Rs 447.66 crore in the same period a year ago.
Total income dipped to Rs 329.97 crore from Rs 342.83 crore.
Board of Directors of POWERGRID Unchahar Transmission Ltd - the investment manager to PGINVIT - in a meeting held on Wednesday approved distribution of Rs 3 per unit for September quarter 2022-23, it said.
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