PGCIL’s Q1 net profit falls 36% to Rs 3,801 cr; total income rises 7%
State-owned Power Grid Corporation of India (PGCIL) on Monday said its consolidated net profit dipped over 36 per cent to Rs 3,801.19 crore in the April-June quarter of FY23.
The consolidated net profit of the company was Rs 5,998.28 crore in the quarter ended on June 30, 2021, a BSE filing said.
Total income of the company increased to Rs 11,168.54 crore in the quarter under review from Rs 10,391.61 crore in the same period a year ago.
The company explained in a statement that in the first quarter of FY22, the PAT (Profit After Tax) of Rs 5,998 crore included an exceptional item of Rs 3,014 crore (Rs 2,657 crore net of tax) on account of monetisation of assets.
