Powergrid Infrastructure Investment Trust's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Powergrid Infrastructure Investment Trust reported a 0.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of -0.0%.
- Its expenses for the quarter were down by 1.1% QoQ and up 0.1% YoY.
- The net profit increased 156.3% QoQ and decreased 1.0% YoY.
- The earnings per share (EPS) of Powergrid Infrastructure Investment Trust stood at 2.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 329.20 | 329.04 | 329.35 | 0.0% | -0.0% |
Total Expenses | 111.08 | 112.32 | 110.98 | -1.1% | 0.1% |
Profit Before Tax | 218.12 | 49.82 | 218.37 | 337.8% | -0.1% |
Tax | 13.73 | -29.92 | 11.82 | -145.9% | 16.2% |
Profit After Tax | 204.39 | 79.74 | 206.55 | 156.3% | -1.0% |
Earnings Per Share | 2.10 | 1.10 | 2.20 | 90.9% | -4.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Powergrid Infrastructure Investment Trust is a significant player in the infrastructure sector, primarily focusing on investment in power grid infrastructure. The trust is involved in managing and operating power transmission assets, which are crucial for the distribution of electricity across regions. It operates within the energy sector, providing essential services that ensure the transmission of power from generation sites to end-users. Recent years have seen increased attention to infrastructure trusts as vehicles for funding and managing large-scale infrastructure projects. However, specific recent developments pertaining to Powergrid Infrastructure Investment Trust are not available in the provided data.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Powergrid Infrastructure Investment Trust reported a total income of ₹329.20 crores. This figure is marginally stable compared to the previous quarter (Q2FY25) at ₹329.04 crores and the same quarter of the previous fiscal year (Q3FY24) at ₹329.35 crores, showing a negligible change of 0.0% both quarter-over-quarter (QoQ) and year-over-year (YoY). The consistency in total income suggests a stable revenue stream, reflecting the nature of the company's core operations in infrastructure management.
Profitability
In terms of profitability, the company reported a profit before tax (PBT) of ₹218.12 crores for Q3FY25, a substantial increase from ₹49.82 crores in Q2FY25, marking a significant QoQ growth of 337.8%. However, this is slightly lower than the ₹218.37 crores recorded in Q3FY24, indicating a YoY decrease of 0.1%. After accounting for taxes, the profit after tax (PAT) for Q3FY25 stood at ₹204.39 crores, up from ₹79.74 crores in the previous quarter, reflecting a QoQ growth of 156.3%, but slightly down from ₹206.55 crores in Q3FY24, a YoY decrease of 1.0%. The earnings per share (EPS) for Q3FY25 was ₹2.10, up from ₹1.10 in Q2FY25, but slightly lower than ₹2.20 in Q3FY24.
Operating Metrics
The total expenses for Q3FY25 were ₹111.08 crores, showing a slight decrease from ₹112.32 crores in Q2FY25, representing a QoQ decline of 1.1%. Compared to Q3FY24, total expenses are marginally up by 0.1% from ₹110.98 crores. The tax expense for Q3FY25 was ₹13.73 crores, a significant shift from a tax benefit of ₹29.92 crores in Q2FY25, and higher than ₹11.82 crores in Q3FY24, highlighting a YoY increase of 16.2%. The financial stability observed in the income and expenditure metrics, along with changes in taxation, reflects the operational dynamics experienced in the latest quarter.
