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Power Grid Corporation of India reports 11% rise in Q3 consolidated net profit

07 Feb 2024 Evaluate

Power Grid Corporation of India has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 7.26% rise in its net profit at Rs 3,970.23 crore for Q3FY24 as compared to Rs 3,701.65 crore for the same quarter in the previous year. Total income of the company increased by 1.65% at Rs 11,467.61 crore for Q3FY24 as compared Rs 11,280.96 crore for corresponding quarter of the previous year. 

On consolidated basis, The company has reported 10.51% rise in net profit at Rs 4,028.25 crore for the third quarter ended December 31, 2023 as compared to Rs 3,645.29 crore for the same quarter in the previous year. Total income of the company increased by 2.51% at Rs 11,819.70 crore for Q3FY24 as compared Rs 11,530.22 crore for corresponding quarter of the previous year.

Peers
Company Name CMP
NTPC 330.00
Tata Power 363.30
Adani Power 202.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1346.95
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