Power Grid Corp fiscal 2021 profit increases 9% to Rs 12,036 crore

Power Grid Corporation of India Ltd has posted total income of Rs 40,824 crore and profit after tax of Rs 12,036 crore on consolidated basis for the financial year ended March, registering year-on-year growth of 6 per cent and 9 per cent.

On a standalone basis, the maharatna public sector undertaking under Ministry of Power achieved total income of Rs 40,527 crore and profit after tax of Rs 11,936 crore, marking a growth of 6 per cent and 10 per cent.

For the fourth quarter (January to March 2021), the total income and profit after tax on consolidated basis are Rs 10,816 crore and Rs 3,526 crore. On standalone basis, the total income and profit after tax are Rs 10,705 crore and Rs 3,516 crore respectively.