IndiGrid Q2 results: Net profit increses nearly 154% to Rs 98 crore

Infrastructure investment trust India Grid Trust on Friday posted a 154 per cent jump in its consolidated net profit to Rs 98.73 crore for the September 2024 quarter on the back of higher revenues. Its consolidated net profit was Rs 38.89 crore in the year-ago quarter, a BSE filing showed. The total income rose to Rs 839.75 crore in the quarter from Rs 720.18 crore a year ago. The Board of Directors (Board) of IndiGrid Investment Managers Ltd (IIML) acting in the capacity of the investment manager to India Grid Trust (IndiGrid) also approved the declaration of Q2 FY25 distribution of Rs 3.75 per unit, comprising Rs 3.61763 per unit in the form of interest, Rs 0.11357 per unit in the form of dividend and Rs 0.01880 in the form of other income. The record date for this distribution will be October 30, 2024, and the payment will be made on or before November 9, 2024. The board has also approved the name change of India Grid Trust to 'IndiGrid Infrastructure Trust', along with ...