Latest News | Genus Power Infrastructures Net Profit Falls 25 Pc to Rs 21 Crore
Get latest articles and stories on Latest News at LatestLY. Genus Power Infrastructures Limited on Thursday posted about 25 per cent fall in its consolidated net profit at Rs 21.36 crore in March 2022 quarter, on higher expenses.
New Delhi, May 12 (PTI) Genus Power Infrastructures Limited on Thursday posted about 25 per cent fall in its consolidated net profit at Rs 21.36 crore in March 2022 quarter, on higher expenses.
In the year ago period, the company had clocked Rs 28.34-crore net profit, Genus Power Infrastructures Limited (GPIL) said in a BSE filing.
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The company said its total income during January-March 2022 rose to Rs 200.49 crore from Rs 192.91 crore in the year-ago period.
Total expenses stood at Rs 172.42 crore in the quarter under review as against Rs 163.67 crore in January-March 2021.
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GPIL has two business divisions offering innovative and sustainable solutions to the power sector. The metering solution division provides a complete range of electricity meters, while the engineering construction and contracts division undertakes turnkey power projects.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)