IndiaGrid net jumps over 2-folds to Rs 131.83 cr in Q3
The company's consolidated net profit was Rs 51.51 crore in the October-December 2018, a BSE filing said.
Revenues of the firm rose to Rs 344.91 crore in the quarter from Rs 172.72 crore in the year-ago period.
The Board of Directors of Sterlite Investment Managers Ltd (SIML) acting in the capacity of Investment Manager of India Grid Trust (IndiGrid) has approved distribution of Rs 3 per unit (in the form of Interest) for the third quarter of 2019-20.
IndiGrid said that it is on track to achieve its stated DPU (distribution per unit) guidance of Rs 12 for FY2019-20.
Commenting on the quarterly results Harsh Shah, Chief Executive Officer, said, "With a strong shareholder base, consistent operating performance, a robust pipeline for growth and conducive regulatory environment, we are confident to achieve our guidance for FY20 as well as execute our growth plans."