Overview
- Consolidated net profit rose 39.9% year on year to ₹854.74 crore for the December quarter, with total income at ₹6,847.02 crore versus ₹6,671.25 crore a year earlier.
- The board declared an interim dividend of ₹15 per share, payable on or before March 12, with February 16 set as the record date.
- Directors authorized fundraising of up to ₹7,000 crore via privately placed non-convertible debentures for capital expenditure and refinancing.
- Lower power purchase costs and administrative efficiencies expanded the net profit margin to 12.9% from 9.9% a year earlier, aided by growth in generation and renewables.
- CRISIL and India Ratings assigned and reaffirmed strong investment-grade ratings (AA+/Stable; A1+), while the stock fell 3.77% on Wednesday as some brokerages turned cautious.