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Gujarat Industries Power Co Ltd Q1FY24; 10% fall in Profits

Gujarat Industries Power Company Ltd is engaged in generation of power from gas, lignite, wind and solar assets. Its principal place of business are located in the state of Gujarat.


Financial Results:

  • Gujarat Industries Power Co Ltd reported Revenues for Q1FY24 of ₹342.00 Crores up from ₹303.00 Crore year on year, a rise of 12.87%.
  • Total Expenses for Q1FY24 of ₹287.00 Crores up from ₹228.00 Crores year on year, a rise of 25.88%.
  • Consolidated Net Profit of ₹57.00 Crores down 9.52% from ₹63.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹3.79, down 8.89% from ₹4.16 in the same quarter of the previous year.
Tags: Power
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