Power Grid reports 10% rise in Q1 consolidated net profit
2nd Aug 2019

Power Grid Corporation of India has reported results for first quarter ended June 30, 2019.

The company has reported 8.31% rise in its net profit at Rs 2,427.89 crore for the quarter under review as compared to Rs 2,241.70 crore for the same quarter in the previous year. Total income of the company increased by 9.50% at Rs 9,228.37 crore for Q1FY20 as compared Rs 8,427.67 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 9.87% in its net profit at Rs 2,502.80 crore for the quarter under review as compared to Rs 2,277.87 crore for the same quarter in the previous year. Total income of the company increased by 11.76% at Rs 9,361.72 crore for Q1FY20 as compared Rs 8,376.48 crore for the corresponding quarter previous year.