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GIPC Q4 net profit up 135 pc at Rs 162.84 cr

GIPC Q4 net profit up 135 pc at Rs 162.84 cr

New Delhi, May 17 (PTI) Gujarat Industries Power Company (GIPC) Friday reported a 135 per cent jump in standalone net profit at Rs 162.84 crore in March 2019 quarter on the back of higher revenues. The company had posted a net profit of Rs 69.13 crore in the year-ago period, it said in a statement. Total income for the period under review rose to Rs 468.96 crore from Rs 400.21 crore in same period year ago. For fiscal 2018-19, standalone net profit stood at Rs 176.40 crore as compared with Rs 244.50 crore in 2017-18. Total income for 2018-19 stood at Rs 1,524.26 crore against Rs 1,405.07 crore in the previous fiscal. The company's consolidated net profit for 2018-19 was at Rs 254.75 crore as compared with Rs 166.04 crore in previous fiscal. Total consolidated income was at Rs 1,524.15 crore as compared with Rs 1,405.10 crore in 2017-18. The company's board has recommended a dividend of Rs 2.90 per equity share for 2018-19. PTI KKS RUJ RVKRVK