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Gujarat government-run Gujarat Industries Power Company Limited (GIPCL) posted standalone net profit of Rs 89.75 crore for the quarter ended March 2017, up 44 per cent as against Rs 62.19 crore reported in the same quarter last year.
Company's standalone net income from operations stood at Rs 3,362 crore as against RS 3,682 crore in the corresponding quarter last year.
For the financial year, 2016-17 company's standalone net profit stood at Rs 252 crore up about 34 per cent from 188 crore in the corresponding quarter last year.
Company's net income from the operations for the year stood at Rs 1,310 crore as against Rs 1,352 crore last year.
Company's figures for the quarter ended March 2017 and March 2016 are the balancing figures between the audited figures in respect of full financial year and the published year to date figures upto the third quarter ended December 2016 and December 2015 respectively, the company informed stock exchange.
On consolidated basis, GIPCL's net profits stood at Rs 252 crore for the year ended March 2017 as against Rs 188 crore in the previous year.
GIPCL shares gained over 2.6 per cent on the National Stock Exchange (NSE) on Friday to close at Rs 107.45.
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