In a regulatory filing, the company said the increase was primarily driven by one-time income of ‘148 crore from regulatory order in the transmission business (a net positive impact of ’21 crore after adjusting for a provision of ‘131 crore (net of tax ‘101 crore) and aided by a mid-term true-up order by the regulator in AEML.
Indian Hotels well placed to benefit from rising travel demand
In the March 2024 quarter, the company’s revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management