IndiGrid Posts 28% Profit Surge in June Quarter

IndiGrid, an investment manager to India Grid Trust, reported a 28% increase in net profit for the June quarter to Rs 136.9 crore, up from Rs 107 crore in the same period last year. The total income rose to Rs 873.3 crore from Rs 654.5 crore, while expenses grew to Rs 727.2 crore.

IndiGrid, the investment manager to India Grid Trust, reported a substantial 28% increase in net profit for the June quarter, achieving Rs 136.9 crore. This marks a significant rise from the Rs 107 crore recorded in the corresponding period last year.

According to a company statement, total income also surged to Rs 873.3 crore for the first quarter of the ongoing fiscal year, compared to Rs 654.5 crore a year earlier. The substantial increase in income played a pivotal role in boosting profit.

Meanwhile, expenses for the period were reported at Rs 727.2 crore, up from Rs 539.7 crore a year ago, indicating growth in operational activities.