Power Grid Corporation Of India Ltd.
-5.35 (-2.06%) Power Grid reports 18% fall in Q1 consolidated net profit
Date: 11-08-2020Power Grid Corporation of India has reported results for the first quarter ended June 30, 2020.
The company has reported a fall of 18.49% in its net profit at Rs 1,978.91 crore for the quarter under review as compared to Rs 2,427.89 crore for the same quarter in the previous year. However, total income of the company increased by 4.25% at Rs 9,620.13 crore for Q1FY21 as compared Rs 9,228.37 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 18.15 % in its net profit at Rs 2,048.42 crore for the quarter under review as compared to Rs 2,502.80 crore for the same quarter in the previous year. However, total income of the company increased by 4.86% at Rs 9,816.72 crore for Q1FY21 as compared Rs 9,361.72 crore for the corresponding quarter previous year.