India Grid Trust Q1FY24 Results: Consolidated PAT of Rs. 104.22 Cr

IndiGrid secures first battery energy storage project

India Grid Trust Q1 results show revenue up from 624.84 crores to 654.53 crores, a 4.75% increase in growth. EPS down from ₹1.93 to ₹1.49, down by -22.80%.

First, Let’s Begin with Quarter-on-Quarter Basis:

India Grid Trust shared its Q1 results on Friday. They earned 654.53 crores in revenue this quarter, but that’s more than the 624.84 crores they made last quarter. The company’s growth increased by 4.75 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 104.22 crores, down from 134.96 crores in the previous quarter. Their quarter-to-quarter growth decreased by -22.78 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹1.49, which is a decrease of -22.80% from the ₹1.93 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 654.53 crores this year (2023), which is 11.61 percent higher than last year’s total revenue of 586.46 crores.

This year’s PAT (Profit After Tax) is 104.22 crores, which is also 28.74% higher than last year’s PAT of 80.95 crores.

The EPS (Earnings Per Share) for this year is ₹1.49, which is 25.21% more than the EPS of ₹1.19 earned last year.

Also Read: Motherson Sumi Wiring Q1FY24 Results: Consolidated PAT of Rs. 123.13 Cr

India Grid Trust Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About India Grid Trust:

India Grid Trust, sponsored by KKR & Sterlite Power, is an infrastructure investment trust operating in the Indian power sector. It was established on 21st October 2016 and is registered with SEBI in accordance with the InvIT regulations. The primary focus of the trust is to own power transmission and renewable assets.

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