IndiGrid Q3 net down 28% at Rs 94 cr; declares Rs 3.10 distribution per unit

MUMBAI: Infrastructure investment trust IndiGrid posted a 28% drop in consolidated net profit at Rs 94.58 crore for the December quarter, mainly due to higher depreciation and finance cost on account of acquisitions. The consolidated net profit of the firm was Rs 131.83 crore in the quarter ended December 2019, as per a BSE filing. Total income rose to Rs 439.03 crore in the quarter.

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