India Grid Trust Announces Unaudited Consolidated & Standalone Financial Results for the Quarter and Nine Months Ended December 31, 2017
January 15, 2018 at 07:54 am EST
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India Grid Trust announced unaudited consolidated & standalone financial results for the quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 1,267 million. EBITDA was INR 1,173 million. Profit before tax was INR 662 million. Profit for the period was INR 688 million. Basic and diluted earnings per share (Rs. Per unit) were INR 2.42 per share.
For the quarter, on standalone basis, the company reported revenue from operations of INR 985 million. EBITDA was INR 980 million. Profit before tax was INR 985 million. Profit for the period was INR 985 million.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 2,996 million. EBITDA was INR 2,765 million. Profit before tax was INR 1,390 million. Profit for the period was INR 1,409 million. Basic and diluted earnings per share (Rs. Per unit) were INR 4.97 per share.
For the nine months, on standalone basis, the company reported revenue from operations of INR 2,108 million. EBITDA was INR 2,098 million. Profit before tax was INR 2,103 million. Profit for the period was INR 2,103 million.
India Grid Trust is an India-based infrastructure investment trust (InvIT) in the power transmission sector. The Company owns, operates, and manages power transmission networks and renewable energy assets that deliver reliable power throughout India. It operates through two segments: Power Transmission and Power generation. It owns 36 power projects, consisting of 46 transmission lines with more than 8,468 circuit Kilometers (km) length, 13 substations with around 17,550 mega volt amp (MVA) transformation capacity and about 855 MWAC of solar generation capacity. Its portfolio consists of 19 solar projects across eight states of the country. It also includes 15 operational transmission projects. Its portfolio includes Jabalpur Transmission Company Limited (JTCL), TN Solar Power Energy Private Limited, Universal Mine Developers & Service Providers Private Limited, Maheshwaram Transmission Limited (MTL), and more. Its investment manager is IndiGrid Investment Managers Limited (IIML).