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POWERGRID InvIT posts Rs 315 cr profit in Q2

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NewsDrum Desk
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PGInvIT

New Delhi: POWERGRID Infrastructure Investment Trust (PGInvIT) on Wednesday posted a consolidated net profit of Rs 315.51 crore for September quarter 2023-24.

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It had reported a loss of Rs 920.16 crore for the year-ago period, a BSE filing.

Total income dipped marginally to Rs 325.62 crore in the quarter from Rs 329.97 crore a year ago.

Board of Directors of POWERGRID Unchahar Transmission Ltd, the Investment Manager to PGInvIT, also declared distribution of Rs 3 per unit for the quarter ended September 30, 2023.

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The payment will be made on or before November 23, 2023.

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