This power utility stock is in focus after it jumped over 15 percent following the announcement of inaugurating a state-of-the-art 24×7 EV charging hub in Kolkata, which can accommodate up to 60 electric vehicles simultaneously.
Share Price Movement
With a market capitalization of Rs. 1,230 Crore, the stock of India Power Corporation or DPSC limited opened at Rs. 11.92, up 0.50 percent from yesterday’s close, and after opening, it made a high of 13.65, up 15.09 percent.
Update from Company
India Power Corporation Limited, in collaboration with ChargET, inaugurated a state-of-the-art 24×7 EV charging hub in Salt Lake, Sector V, Kolkata—the area’s first public and commercial EV station.
Notably, the hub is set to be upgraded soon into a solar-powered charging facility with a planned solar generation capacity of 60 kW. Once upgraded, it is projected to reduce 694 metric tonnes of CO₂ emissions annually, which is equivalent to planting 33,000 fully grown trees.
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Financial Highlights
The company reported a 10.87 percent YoY increase in revenue from Rs. 143.46 Crore in Q3FY24 to Rs. 159.06 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 4 percent in revenue from Rs. 152.92 Crore in the previous quarter.
Their Net profit saw a decrease of 33.41 percent YoY from Rs. 3.98 Crore to Rs. 2.65 Crore for the same period. On a QoQ basis, the company reported a decrease of 15.87 percent in Net profit from Rs. 3.15 Crore in the previous quarter.
About the Company
India Power Corporation Limited (IPCL), formerly known as DPSC Limited, is one of India’s oldest power utilities, established in 1919 and headquartered in Kolkata. The company operates in power generation and distribution, serving a mix of industrial, commercial, and domestic consumers.
Written By Abhishek Das
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