New Delhi, Feb 12 (PTI) Power transmission company Skipper Ltd on Monday posted an over two-fold rise in consolidated net profit at Rs 20.4 crore for December quarter FY24, backed by higher income.

It had clocked a net profit of Rs 9.5 crore in October-December FY23, the company said in an exchange filing.

Also Read | India to Implement GPS-Based Toll Collection System for Smoother Highway Journeys, Know What is It and How It Will Work.

Total income surged to Rs 803.8 crore from Rs 446.0 crore a year ago.

Expenses were at Rs 777.4 crore as against Rs 436.6 crore in the third quarter last fiscal.

Also Read | Pandit Deendayal Upadhyaya Death Anniversary 2024 Date, Significance and History: Know All About the Co-Founder of BJP’s Predecessor Bharatiya Jana Sangh.

Kolkata-based Skipper is one of the leading companies in power transmission and distribution and the polymer segment.

(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)