India Grid Infrastructure Trust's Q3FY25 Quarterly Results

Result Summary

• India Grid Infrastructure Trust reported a 4.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 2.0%.
• Its expenses for the quarter were down by 1.0% QoQ and up 5.5% YoY.
• The net profit decreased 41.5% QoQ and decreased 37.1% YoY.
• The earnings per share (EPS) of India Grid Infrastructure Trust stood at 0.7 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

India Grid Infrastructure Trust, commonly referred to as IndiGrid, is a leading infrastructure investment trust in India. It primarily operates in the power transmission sector, managing a portfolio of power transmission assets across the country. The trust focuses on acquiring and operating stable, income-generating assets within the energy sector, providing investors with predictable cash flows. As an infrastructure trust, IndiGrid invests in power transmission projects, maintaining and operating them to ensure reliable power supply. Recent developments in the company may include asset acquisitions, strategic partnerships, or regulatory changes impacting the industry, although specific details are not provided in the available data.

Revenue

In Q3FY25, India Grid Infrastructure Trust reported a total income of ₹804.19 crores, reflecting a 4.2% decrease from the previous quarter (Q2FY25), where the total income was ₹839.75 crores. However, when compared year-over-year, the total income increased by 2.0% from ₹788.37 crores in Q3FY24. The slight annual growth in revenue indicates a stable income stream, characteristic of infrastructure assets. The fluctuation in quarterly income might be attributed to seasonal variations or changes in asset performance, though specific reasons are not detailed in the financial data.

Profitability

For Q3FY25, the Profit Before Tax (PBT) was ₹75.01 crores, showing a significant decline of 27.4% from ₹103.38 crores in Q2FY25 and a 22.9% decrease from ₹97.30 crores in Q3FY24. After accounting for taxes, the Profit After Tax (PAT) for Q3FY25 stood at ₹57.80 crores, which is a 41.5% drop from the previous quarter's ₹98.73 crores and a 37.1% decrease from the ₹91.92 crores reported in Q3FY24. The tax expense for Q3FY25 was substantially higher at ₹17.20 crores compared to the previous quarter and the same quarter last year, suggesting an increase of 269.9% and 219.7%, respectively. Despite the decline in profitability, these figures highlight the impact of tax variations and operational dynamics on net earnings.

Operating Metrics

The total expenses for India Grid Infrastructure Trust in Q3FY25 amounted to ₹729.03 crores, marking a slight decrease of 1.0% from ₹736.37 crores in Q2FY25. However, compared to Q3FY24, total expenses increased by 5.5% from ₹691.15 crores. The Earnings Per Share (EPS) for the quarter was ₹0.70, representing a 41.7% decline from ₹1.20 in both Q2FY25 and Q3FY24. These metrics suggest changes in the cost structure and operational efficiency over the periods analyzed. The decrease in quarterly expenses might be due to cost optimization efforts or changes in operational scale, while the annual increase indicates growing operational costs.