India Grid Trust's Q3FY25 Quarterly Results

Result Summary

• India Grid 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 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 Trust is a leading infrastructure investment trust in India, primarily engaged in owning and operating power transmission assets. The company plays a crucial role in the power sector by facilitating the efficient flow of electricity across the country. India Grid Trust's business model focuses on long-term income stability through its assets, which are backed by stable cash flows. The company's strategic objective involves expanding its asset base while maintaining a strong financial performance. In recent times, there have been no specific major developments mentioned in the data provided, thus any new initiatives or projects are not available for analysis within this report.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), India Grid Trust reported a total income of ₹804.19 crores. Compared to the previous quarter (Q2FY25), where total income was ₹839.75 crores, there was a decline of 4.2%. However, on a year-over-year basis, the total income showed a modest increase of 2.0% from ₹788.37 crores in the third quarter of fiscal year 2024 (Q3FY24). This indicates a stable revenue stream despite quarterly fluctuations. The data focuses on the total income as the key revenue metric without further breakdown into specific income streams or segments.

Profitability

For the quarter ended Q3FY25, India Grid Trust's profit before tax (PBT) was ₹75.01 crores, which signifies a substantial decrease of 27.4% from ₹103.38 crores in Q2FY25. When compared to Q3FY24, where PBT was ₹97.30 crores, there was a reduction of 22.9% year-over-year. The tax expense for Q3FY25 increased significantly to ₹17.20 crores, a rise of 269.9% from Q2FY25 and 219.7% from Q3FY24. Consequently, the profit after tax (PAT) for Q3FY25 was ₹57.80 crores, a notable decline of 41.5% quarter-over-quarter and 37.1% year-over-year. Additionally, the earnings per share (EPS) for Q3FY25 stood at ₹0.70, reflecting a 41.7% decrease from both Q2FY25 and Q3FY24, indicating a considerable impact on shareholder earnings.

Operating Metrics

The financial data highlights key operating metrics such as total expenses and profit margins. Total expenses for Q3FY25 amounted to ₹729.03 crores, showing a slight decrease of 1.0% from ₹736.37 crores in Q2FY25. However, on a year-over-year basis, there was an increase of 5.5% from ₹691.15 crores in Q3FY24. These figures suggest fluctuations in operating costs, which impact the overall financial performance. The company's operating efficiency metrics, such as profit margins and cost management, are not explicitly detailed in the financial data provided. Therefore, the analysis is based on the high-level financial metrics available, focusing on the changes in expenses and their impact on profitability.